Latham & Watkins Acted on £1.6 Billion Financing for Motor Fuel Group's Petrol Forecourt Acquisition
Latham & Watkins Acted on £1.6 Billion Financing for Motor Fuel Group's Petrol Forecourt Acquisition
Global law firm Latham & Watkins is advising a consortium of 14 banks on the £1.6 billion loan for Motor Fuel Group's acquisition of gas stations from Morrisons. This deal involves Motor Fuel Group purchasing 337 gas stations (including fuel pumps, convenience stores, kiosks, and other services) across the UK, along with over 400 locations designated for developing ultra-rapid electric vehicle chargers.
Morrisons will become a minority shareholder in Motor Fuel Group, owning approximately 20 per cent of the company. This long-term partnership also includes commercial and supply agreements between the two businesses.
The Latham & Watkins team leading this deal is comprised of London partners Francesco Lione and Dan Maze, alongside associates Oscar Lopez, Medha Vikram, Philipp Hagenbuch, Alex Peters, and Harry Webb.
