Apollo Global enters race to buy UK’s fourth largest supermarket chain Morrisons

UK – Global alternative investment management firm, Apollo Global Management, has joined the race to acquire UK’s fourth largest supermarket chain, Morrisons.  Apollo Global’s purchase bid comes just days after Morrisons accepted a £6.3 billion (US$8.7 billion) takeover bid by a consortium led by the Fortress Investment Group.   The consortium of investors targeting the acquisition also includes Canada Pension Plan Investment Board and Koch Real Estate Investments, the vehicle of the US billionaire Charles Koch. Founded in 1889 as an egg and butter stall in Rawson Market, Morrisons has expanded…

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