Green Light Given To Operate As One Company Under the MFG Name
The decision published yesterday (1 October 2018) by the Competition and Markets Authority (CMA) into the MFG/ MRH merger inquiry means that MFG is now free to combine the MFG and MRH organisations and conduct business as one company.
William Bannister, MFG’s chief executive officer said: “This decision gives us the ‘green light’ to combine the two businesses and operate as one company under the MFG name.
“Our immediate objectives are to quickly put forward our plans for the combined business to all staff and to implement, for a number of MRH sites, the ‘Hold Separate’ requirements which will remain in place while we make the divestments necessary to remedy the CMA’s concerns in a number of local areas.
“52 MRH stations will be managed independently from the rest of the business during the ‘Hold Separate’ process and 15 of these stations together with 23 MFG stations will be sold in a timely manner to comply with the CMA’s requirements.
“Now as one business, we have the opportunity to develop our winning forecourt formula and achieve our long-stated objective to be the UK’s most dynamic and profitable independent forecourt operator.”