The Great British Sell-off

What do private equity firms gain by buying a supermarket chain?

Photo Author’s Own

Morrisons turned down £6.3 billion because their biggest shareholder didn’t like the offer, then the board backed the second offer. A megadeal worth £6.7 billion backed by US billionaire Koch family and Japanese mogul Masayoshi Son. However, a last-minute £7 billion bid beat the consortium of investment bidders.

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Karen Madej

Karen Madej

Inspirer of self-improvement. Observer of all life forms. Finder of solutions. linktr.ee/wrtwrds | https://wrtwrds.medium.com/membership