Morrisons bidder Clayton Dubilier and Rice has pledged to commit more properties to the grocer’s pension pot.
The New York-based group, one of two US private equity firms vying to buy the grocer with a £9.7bn offer, said it would commit extra Morrisons properties to the pension funds as security, giving them a legal claim over the real estate in the event of an insolvency.
It would also retain the schemes’ existing governance structure and share information with the trustees, it said.
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Including:
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Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
