A UK supermarket titan is set to be taken over as part of a £600million deal. The move comes just weeks after Morrisons confirmed the closure of 100 stores. Realty Income Corporation, or Realty Inc, is among a small number of parties in discussions with advisers to Morrisons about a transaction.

While the details of the deal are not yet publicly known, it is believed that the US group could invest £600million as part of Morrison's ongoing search for fresh investors. A deal is, according to Sky News, not imminent but it is a sign that Morrisons is pursuing their plan to engage with a real estate advisory firm, which was flagged around six months ago.

The supermarket chain previously confirmed it would be looking for a deal as they were steadily paying down debts following a CD&R takeover, Sky News reported.

In 2024, the company struck a partnership with investment firm Song Capital, which paid £370m for the right to receive an income stream from 75 of the chain's supermarkets for 45 years.

Morrisons earlier confirmed the closure of the first of 100 supermarkets, which opened less than two years ago. The Morrisons Daily store in Woodley, Reading, shut down on Sunday, resulting in the loss of a local Post Office. A statement has since been issued by the store regarding this closure.

A spokesperson for the supermarket giant said: "The performance of all company-owned stores across our Convenience business is subject to continuous review.

"Having completed the review, we are now proposing to take the tough but necessary decision to close a number of these stores over the next few months.

"This process has identified a number of stores, which were part of the McColl's acquisition, whose performance has been challenged for a number of years and which are loss-making, despite remedial action."

The company cited "significant cost increases" due to "government policy choices" as part of the reason for the closures.