All Murco articles – Page 2
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News
CMA launches consultation over MFG Murco deal
The Competition and Markets Authority (CMA) has launched a consultation after MFG came up with a proposal to address competition concerns over its acquisition of Murco’s retail business. The CMA had said the deal would mean MFG would own both the petrol stations in Hythe, Kent, and this could result ...
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NewsCompetition authority gives MFG ultimatum over Murco deal
MFG says it is keen to engage with the Competition and Markets Authority (CMA) to avoid a full merger investigation after it raised a concern over MFG’s takeover of Murco’s retail business. The CMA said MFG had the chance to avoid a full merger investigation if it could offer a ...
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NewsMurco terminal investigates contamination problem
The Murco fuel terminal at Milford Haven is investigating how contaminated fuel was delivered to two west Wales supermarkets. At least 17 cars broke down after motorists bought unleaded petrol from Morrisons forecourts in Carmarthen and Llanelli, and sales of unleaded petrol have been halted at the two stations. A ...
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NewsSale of Murco’s retail business completed
The acquisition of Murco’s retail business by Patron Capital Partners has been completed, after the deal was agreed in August. The retail business was acquired via Motor Fuel Group, the forecourt business owned by Patron in partnership with Alasdair Locke. The price was not disclosed but is believed to be ...
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Analysis
Merril Boulton: Murco sold at last
Well thank goodness for that. The Murco network has been sold at last (see News, page 4) after four years on the market. It got to the stage where it seemed like it was never going to happen, and as in a ’whodunnit’ that runs for too long, people seemed ...
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NewsThanks for the support during sale, says Murco boss
Murco’s retail marketing director Jamie Goodfellow has expressed his thanks to Murco employees, customers and suppliers for their support during the lengthy sales process which culminated in last week’s announcement that the Murco retail business had been sold to the Motor Fuel Group. Murco’s UK operation - including the Milford ...
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News
Murco sells refinery and is close to petrol station deal
The sale of Murco’s Milford Haven refinery has been confirmed while Murphy Oil Corporation is also close to a deal on its network of petrol stations. The company announced last Thursday that its wholly-owned subsidiary, Murco Petroleum had signed an agreement to sell its Milford Haven refinery and terminal assets ...
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NewsMFG signs deal to buy Murco’s retail business
Murco has signed a £200m deal to sell its retail business, including 228 forecourt sites it owns, to Top 50 Indies forecourt operator Motor Fuel Group (MFG). The deal has been carried out with the support of private equity group Patron Capital Partners and oil industry veteran Alasdair Locke, who ...
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NewsMFG owner in talks to buy Murco network
The owner of Top 50 Indie Motor Fuels Group (MFG) is in talks to buy more than 225 Murco filling stations put up for sale by their US owner Murphy Oil. Private equity group Patron Capital, which bought MFG in 2012 and a further portfolio of 54 Murco filling stations ...
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News
Exclusive talks could mean Murco sale is on
Negotiations about the sale by Murphy Oil of its Murco business in the UK, including its Milford Haven oil refinery, were in the final stages according to a number of reports, as Forecourt Trader went to press.According to Reuters, oil entrepreneur Gary Klesch was in the final stages of exclusive ...
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News
Talks nearing conclusion on Murco sale
Negotiations about the sale by Murphy Oil of its Murco business in the UK, including its Milford Haven oil refinery, are in the final stages according to a number of reports. According to Reuters oil entrepreneur Gary Klesch was in the final stages of exclusive talks with Murphy Oil and ...
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News
Murco management seek to buy company
Murco’s network of filling stations could be involved in a management buyout together with the company’s threatened oil refinery at Milford Haven. Managing director Tom McKinley has told staff he is taking a leave of absence while he works on the plan. Brian Kelly, head of Murphy’s business development in ...
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NewsMurco management looking into potential buyout
Murco’s network of filling stations could be involved in a management buyout together with the company’s threatened oil refinery at Milford Haven. Managing director Tom McKinlay has told staff he is taking a leave of absence while he works on the plan. Brian Kelly, head of Murphy’s business development in ...
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News
Murco reassures its retailers after set-back over refinery
Murco has revealed that it has stopped buying crude oil to be processed at its Milford Haven refinery in South Wales, as talks about its future continue, but insists this will have no impact on its retail and wholesale operation. In a statement Murco said: "We are actively engaged with ...
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NewsMurco reassures retailers over supplies
Murco has moved to reassure its retailer customers after revealing earlier this week that it has stopped buying crude oil to be processed at its Milford Haven refinery in South Wales. In a statement on Monday, Murco said: “As we have said, we are actively engaged with certain third parties ...
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News
Murco stops buying crude oil to be processed at Milford Haven
Murco has revealed that it has stopped buying crude oil to be processed at its Milford Haven refinery in South Wales, as talks about its future continue. In a statement on Monday, Murco said: “As we have said, we are actively engaged with certain third parties that have expressed an ...
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News
Government task force set up to secure Murco refinery
A task force to secure the future of Murco’s refinery at Milford Haven has been set up by the Welsh Government following the collapse of the deal to buy Murco, included its filling station business. Economy minister Edwina Hart announced today (Friday, April 11) the establishment of a high-level task ...
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News
Murco sale "this month"
Murco’s US parent business is set to sell its UK business this month to a private equity firm, Greybull Capital, for more than $500m, according to sources close to the negotiations. Murphy Oil has had a long-stated aim of selling off its UK business and last month a spokeswoman said: ...
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News
Murco chooses Philips for upgraded lighting
Murco Petroleum is upgrading the lighting in its forecourt shops to LED luminaires provided by Philips Lighting, as part of its rolling refurbishment programme. Murco has a network of over 225 company-owned service stations across England, Scotland and Wales, each with a retail outlet operated under the Costcutter brand. It ...
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News
Murco sell-off predicted next month
Murco’s US parent business is set to sell its UK business next month to a private equity firm for more than $500m, according to sources close to the negotiations. Murphy Oil has had a long-stated aim of selling off its UK business and two weeks ago a spokeswoman confirmed: “Discussions ...
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