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On September 10, 2020, a consumer wearing a protective face mask shops at a Morrisons supermarket in St Albans, Britain. REUTERS/File Photo/Peter Cziborra (Reuters) – LONDON, July 3 (Reuters) – Morrisons (MRW.L), Britain’s fourth-largest grocery chain behind Tesco (TSCO.L), Sainsbury’s (SBRY.L), and Asda, has agreed to be acquired by a consortium led by Fortress Investment Group for 6.3 billion pounds ($8.7 billion). find out more The following are some details regarding the 122-year-old Bradford, Northern England-based grocer’s purchasers: GROUP FORTRESS INVESTMENT Fortress is a subsidiary of Japan’s SoftBank Group Corp. that operates as an independent worldwide investment management (9984.T). It had $53 billion in assets under management as of March 31. In 2019, it paid 95 million pounds for British wine retailer Majestic Wine and has made investments in the grocery industry in the United States, including Albertsons, A&P, and Fresh and Easy (which used to be owned by Tesco). INVESTMENT BOARD OF THE CANADA PENSION PLAN (CPP INVESTMENTS) The monies transferred to CPP Investments by the Canada Pension Plan are invested. It had over 287 billion pounds in assets under management as of March 31, 2021, with about 13.6 billion invested in the United Kingdom. INVESTMENTS IN REAL ESTATE BY KOCH (KREI) Koch Industries, one of the largest privately held companies in the United States, owns KREI. Koch firms have invested roughly $133 billion since 2003. It operates in more than 70 countries and employs 122,000 people globally. James Davey contributed reporting, and Louise Heavens edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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