It said the buyer was a team led by the retail entrepreneur Mike Greene, funded by Greybull Capital.
The
shops will be rebranded as "My Local". The 2,300 staff will be kept on,
with an extra 200 jobs to be created by reopening 10 shops that are
currently closed.
Morrisons announced a review of its convenience store business in March.
The announcement came as it reported an annual loss of £792m.
It
now plans to concentrate on its core supermarkets business. It will
keep five of its M local shops that are either on petrol forecourts or
can be converted into small supermarkets.
