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Morrisons offloads £2.5bn forecourts business

Morrisons has closed the sale of its petrol forecourts and more than 400 associated sites on its car parks to Motor Fuel Group for £2.5bn.

The 337 forecourts and additional sites will be used by MFG for ultra-rapid electric vehicle charging development.

The deal forms a new strategic partnership between the two companies, with Morrisons taking a 20% stake in MFG.

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