UK supermarket chain Morrisons approaches buyout firms over takeover deal

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UK supermarket group Morrisons is in touch with private equity firms regarding a possible buyout, Bloomberg has reported.

Buyout firms including CVC Capital Partners, Carlyle Group and Apax Partners have been approached, though Apax has already decided against pursuing a deal, the report said.

The founding family of the retail chain, the fourth largest in the UK, currently owns a 9.5 per cent stake in the company.

A potential deal could fetch over £7bn and as such require the participation of more than one investor.

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