Morrisons - comment
Executing the sale of Morrisons forecourt business will reduce leverage significantly, and today’s headline points to a deal being agreed by the end of February. The UK competition authority may demand concessions, although the recent ASDA purchase of stations from EG Group passed without objection. The expected EV of the deal is £2.5bn (£2bn equity, £0.5bn debt).
https://news.sky.com/story/cd-r-backed-motor-fuel-group-closes-in-on-2-5bn-morrisons-deal-13054120