The new owner of Morrisons is set to sell 87 petrol stations to push through the £7 billion takeover of the supermarket group.
Private equity firm Clayton, Dubilier & Rice (CD&R) won an auction to buy the Bradford-based grocer last year.
However, in January, the UK's competition watchdog opened an investigation into the move as it raised concerns that the deal could lead to higher petrol prices for some customers.
CD&R also owns Motor Fuel Group (MFG), the country's largest independent petrol station operator, which runs 921 forecourts across the country.
Meanwhile, Morrisons runs 339 petrol stations across England, Scotland and Wales.
The Competition and Market Authority (CMA) highlighted potential competition concerns in 121 local areas across England, Scotland and Wales.
In order to address these concerns, CD&R said it will sell off 87 of its MFG-run petrol stations to a CMA-approved buyer.
The regulator said it is consulting over the proposals but is "minded to accept" the offer.
It added that this appears "to be suitable to restore the loss of competition brought about by the deal across each of the 121 local areas in which the concerns were identified".
The CMA added that while the number of sites proposed for sale is lower than the number of areas previously highlighted, the sale of some petrol stations will address concerns in multiple areas.
Colin Rafferty, senior director of mergers at the CMA, said: "The sale of these petrol stations will preserve competition and prevent motorists from losing out due to this deal, which is particularly important when prices have recently hit record highs.
"If we conclude that the competition issues have been addressed following a consultation on CD&R's offer, the deal will be cleared."
Morrisons held a general meeting with investors in October last year to seek approval for the takeover move.
The Bradford retailer confirmed that 99.2 per cent of the shareholder vote was in favour of the takeover.
The Morrisons move comes after supermarket rival Asda agreed to sell 27 petrol stations last year in order to help its £6.8bn takeover pass following concerns from the competition regulator.
Asda was bought by brothers Mohsin and Zuber Issa. They have strong Bradford links, as their family first came to the UK to settle in the West Yorkshire city.
Their parents, Vali and Zubeda, arrived in Britain in the 1970s to work in the textile industry, moving from Gujarat, India, to Bradford.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel