Lenders reject last-minute rescue deal from Morrisons to take on convenience store chain
McColl’s is set to appoint administrators, putting 16,000 jobs at risk, after its lenders turned down a last-minute rescue deal from Morrisons.
It is understood that EG Group, the petrol forecourts operator owned by the Issa brothers, is lined up to buy McColl’s out of administration. No deal has been finalised, however, and other offers could yet win out.
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