 Neither Morrisons nor Tesco revealed the deal's price tag |
UK regulators have given the green light for supermarket giant Tesco's acquisition of 21 former Safeway garage forecourts from Morrisons. The Office of Fair Trading (OFT) said it would not refer Tesco's purchases to the Competition Commission.
This allows Tesco to buy the filling stations and stores that were formerly part of a Safeway-BP joint venture.
Morrisons has sold and closed a number of Safeway sites since it took over the group for �3bn in March 2004.
"Tesco will now convert the stores to its popular Express convenience format," Tesco announced.
Following the deal Tesco will be left with about 6% of all sales in the UK's �24bn ($42.4bn) convenience market.
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