Softbank’s Fortress Considers $6.8B Takeover Of UK’s Motor Fuel Group

Fortress Investment Group is plotting a 5 billion pound ($6.8 billion) takeover of Britain’s petrol stations giant Motor Fuel Group, Sky News reported on Saturday.

The US-based private equity firm is lining up advisers to work on a bid for MFG, the report said, citing unidentified sources close to the process.

Last year, MFG’s owner Clayton Dubilier & Rice (CD&R), a US private equity group, had beat Fortress to buy supermarket group Morrisons in an auction. The 7 billion pound takeover is now under British competition regulator’s investigation to review if the takeover will reduce choice for supermarket customers in UK.

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