CD&R Considers Stake Sale in UK's Motor Fuel Group
(Deletes duplicate words in first paragraph)
(Reuters) - U.S. private equity firm Clayton Dubilier & Rice (CD&R) is exploring the sale of a stake in UK's Motor Fuel Group (MFG) at a valuation of about 7 billion pounds ($8.8 billion), Sky News reported on Saturday.
CD&R is working with advisers to examine options for selling a large minority shareholding in MFG, the report said.
A stake sale of around 25-30% is expected, the report said, adding that the final shape of any deal is yet to be determined.
CD&R would retain a controlling stake in MFG after any stake sale, the report added.
CD&R and MFG did not immediately reply to requests from Reuters for comment.
Motor Fuel Group is UK's largest independent forecourt operator and provides services through over 1,200 sites, according to its website.
($1 = 0.7946 pounds)
(Reporting by Gnaneshwar Rajan in Bengaluru; editing by David Evans)
