Politicians say they will ensure the chain is not heaped with debt and stripped of assets after £7.1bn takeover
Opposition parties have urged Morrisons’ incoming private equity owners to protect workers and ensure that the supermarket is not heaped with debt and stripped of assets as a result of the company’s pending takeover.
Politicians from Labour and the Liberal Democrats have signalled that they will be keeping an eye on US private equity firm Clayton, Dubilier & Rice (CD&R), which over the weekend won a tense auction with a rival suitor to take control of the supermarket chain for £7.1bn.