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Morrisons' Property Portfolio, Wholesale Business Make It Attractive To Private Equity

Published on Jul 15 2021 9:48 AM in Retail tagged: Trending Posts / Retail / UK / Morrisons / Supermarkets / Paywall / Analyst / Third Bridge

Morrisons' Property Portfolio, Wholesale Business Make It Attractive To Private Equity

Morrisons' £8 billion property portfolio, coupled with its vertically integrated supply chain and wholesale structure, make it a "very attractive" business for private equity investors, a leading retail analyst has suggested.

Ross Hindle, retail sector analyst at Third Bridge, was commenting following the retailer's accepting of a takeover offer from Fortress Investment Group, which values the business at £6.3 billion (€7.34 billion), however other groups, such as Clayton, Dubilier & Rice (CD&R) and Apollo Global Management are also poised to play their hand. Even online giant Amazon could throw its hat into the ring.

Morrisons posted a 2.7% increase in like-for-like sakes in the first quarter of its financial year.

Morrisons' Property Estate

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