georgemiller
Publish Date: Sat, 15 Feb 2025, 15:46 PM
Feb 15 (Reuters) - U.S. private equity firm Clayton Dubilier & Rice (CD&R) is exploring the sale of a stake in UK's Motor Fuel Group (MFG) at a valuation of about 7 billion pounds ($8.8 billion), Sky News reported on Saturday.
CD&R is working with advisers to examine options for selling a large minority shareholding in MFG, the report said.
A stake sale of around 25-30% is expected, the report said, adding that the final shape of any deal is yet to be determined.
CD&R would retain a controlling stake in MFG after any stake sale, the report added.
CD&R and MFG declined to comment on the report.
Motor Fuel Group is UK's largest independent forecourt operator , opens new tab and provides services through over 1,200 sites, according to its website.
($1 = 0.7946 pounds)
Sign up here.
https://www.reuters.com/markets/deals/cdr-exploring-stake-sale-uks-motor-fuel-group-sky-news-reports-2025-02-15/