Asda set to appease competition concerns over £600m takeover of petrol stations

The Competition and Markets Authority said it ‘might’ accept Asda’s proposals to offload 13 sites.

Supermarket giant Asda looks set to overcome competition concerns over its £600 million deal to buy Co-op petrol forecourts after putting forward proposals to offload 13 sites. (PA Wire)

Supermarket giant Asda looks set to overcome competition concerns over its £600 million deal to buy Co-op petrol forecourts after putting forward proposals to offload 13 sites.

Britain’s competition watchdog said it is considering accepting Asda’s plans to appease concerns – after warning earlier this month the deal could result in “higher prices or less choice” for motorists and shoppers across 13 sites.

Asda and its owners, the billionaire Issa brothers and private equity backers TDR Capital, put forward proposals last week that included selling 13 petrol stations with adjoining grocery stores from the 132-strong portfolio of forecourts it snapped up last autumn.