Morrisons is now focused on “being a broader and stronger business” following the approval of its takeover by Clayton, Dubilier & Rice (CD&R).

The UK’s competition watchdog approved the takeover last month. The acquisition by CD&R, which also owns Motor Fuel Group, will boost its forecourt estate significantly and give it control of 1,200 petrol stations.

Morrisons chief executive David Potts said: “Now that the CMA process has concluded, we are looking forward to working more closely with CD&R.”

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