Morrisons has had mixed success since taking over Safeway
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Supermarket chain Morrisons has sold four stores in the north of England, the final step in its efforts to meet regulatory requirements for a takeover.
The Office of Fair Trading (OFT) ruled that Morrisons would have to sell 52 stores to meet competition requirements after buying rival retailer Safeway.
Morrisons paid £3bn for Safeway in 2003 after an intense takeover battle.
But it has struggled ever since, with profit warnings, a falling share price, and rumours of boardroom clashes.
The four Morrison stores have been sold to Tesco, Somerfield, the Co-op and Netto.
Morrisons jumped up the pecking order of UK supermarkets with its purchase of Safeway and is now the fourth largest group, after Tesco, Asda, and Sainsbury's.
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