{"id":117652,"date":"2021-07-03T19:43:32","date_gmt":"2021-07-03T19:43:32","guid":{"rendered":"https:\/\/fin2me.com\/?p=117652"},"modified":"2021-07-03T19:43:32","modified_gmt":"2021-07-03T19:43:32","slug":"factbox-whos-buying-britains-morrisons","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/factbox-whos-buying-britains-morrisons\/","title":{"rendered":"Factbox: Who's buying Britain's Morrisons?"},"content":{"rendered":"

LONDON (Reuters) – Morrisons, Britain\u2019s fourth-biggest supermarket group after Tesco, Sainsbury\u2019s and Asda, has agreed a 6.3 billion pound ($8.7 billion) takeover by a trio of investment groups led by Fortress Investment Group.<\/p>

FILE PHOTO: A customer wearing a protective face mask shops at a Morrisons store in St Albans, Britain, September 10, 2020. REUTERS\/Peter Cziborra\/File Photo<\/figcaption>

Following are some details about the buyers of the 122-year-old Bradford, northern England, based grocer:<\/p>\n

FORTRESS INVESTMENT GROUP<\/h2>\n

Fortress is an independently-operated global investment manager subsidiary of Japan\u2019s SoftBank Group Corp. As of March 31, it had about $53 billion in assets under management.<\/p>\n

It bought British wine seller Majestic Wine for 95 million pounds in 2019 and has invested in the grocery sector in the United States – in Albertsons, A&P and Fresh and Easy (which used to be owned by Tesco).<\/p>\n

CANADA PENSION PLAN INVESTMENT BOARD (CPP INVESTMENTS)<\/h2>\n

CPP Investments invests the funds transferred to it by the Canada Pension Plan.<\/p>\n

As of March 31 2021, it had about 287 billion pounds of assets under management, of which about 13.6 billion is invested in the United Kingdom.<\/p>\n

KOCH REAL ESTATE INVESTMENTS (KREI)<\/h2>\n

KREI is part of Koch Industries, one of the largest privately held businesses in the United States.<\/p>\n

Since 2003, Koch companies have invested nearly $133 billion.<\/p>\n

It has a presence in more than 70 countries, employing 122,000 people worldwide.<\/p>\n

($1 = 0.7235 pounds)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) – Morrisons, Britain\u2019s fourth-biggest supermarket group after Tesco, Sainsbury\u2019s and Asda, has agreed a 6.3 billion pound ($8.7 billion) takeover by a trio […]<\/p>\n","protected":false},"author":3,"featured_media":117651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nFactbox: Who's buying Britain's Morrisons? - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/factbox-whos-buying-britains-morrisons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Factbox: Who's buying Britain's Morrisons? - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) – Morrisons, Britain\u2019s fourth-biggest supermarket group after Tesco, Sainsbury\u2019s and Asda, has agreed a 6.3 billion pound ($8.7 billion) takeover by a trio [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/factbox-whos-buying-britains-morrisons\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-03T19:43:32+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/07\/Factbox-Whos-buying-Britains-Morrisons.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/factbox-whos-buying-britains-morrisons\/\",\"url\":\"https:\/\/fin2me.com\/markets\/factbox-whos-buying-britains-morrisons\/\",\"name\":\"Factbox: Who's buying Britain's Morrisons? 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