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Who are the American investors making a move on Morrisons?

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£6.3bn bid is led by Majestic Wine controller Fortress, with junior partner Koch Industries

Morrisons agrees £6.3bn takeover bid from investment group

The potential new owners of Morrisons are based a long way from the supermarket’s headquarters in Bradford, Yorkshire.

Koch Industries, one of the deal’s key backers, was founded by two of America’s richest men, Charles Koch and his younger brother David, whose shares were inherited by his widow and children upon his death in 2019. The combined family net worth is thought to top $100bn. The company is now involved in a vast array of interests from energy and chemicals to finance and electronics and cattle ranches.

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from The Guardian https://ift.tt/3yh3l2c
via Google News

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Author: Naijamerit

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