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It said it will lease the properties back for up to 25 years, adding that the transaction will help finance further investment in the business, including five new supermarkets next year.
Morrisons, which recently lost its status as Britain’s fourth largest supermarket group by market share to discounter Aldi, has been owned by U.S. private equity firm Clayton, Dubilier & Rice for just over a year.
($1 = 0.8174 pounds)
