Motor Fuel Limited is set to acquire Wm Morrison Supermarkets for £2.5 billion, including petrol forecourts and EV charging sites, establishing a strategic partnership to expand its footprint in the UK's fuel and electric vehicle markets.

Overview of the Deal

On January 30, 2024, Motor Fuel Limited (MFG) announced its decision to acquire Wm Morrison Supermarkets Limited (Morrisons) for a total transaction size of £2.5 billion (approximately $3.2 billion). This substantial acquisition encompasses 337 Morrisons petrol forecourts alongside over 400 Ultra-Rapid EV charging sites, thereby establishing a strategic alliance between the two entities. As part of the agreement, Morrisons will also secure a 20% equity stake in MFG and enter into long-term commercial and supply agreements, emphasizing their collaborative commitment to future growth.

Information on the Target: Morrisons

Founded in 1899, Morrisons stands as the fourth-largest grocery retailer in the UK, employing around 110,000 individuals across approximately 500 stores nationwide. Based in Bradford, the company holds a strong emphasis on fresh and locally sourced products, with over 70% of its meat, poultry, and eggs originating from British farms. This commitment is backed by collaborations with more than 3,000 local suppliers, emphasizing Morrisons' dedication to community engagement and quality.

In response to the rising trend of online grocery shopping, which has witnessed over a 10% increase since 2019, Morrisons has expanded its partnerships with technology companies such as Ocado for online services, Deliveroo for on-demand delivery, and Costa for its fu