UK supermarket retailer Safeway has announced that its shareholders have voted overwhelmingly in favour of the proposed takeover of Safeway by rival Wm Morrison Supermarkets .

Meanwhile, Morrisons has announced that at its extraordinary general meeting, Morrisons shareholders also overwhelmingly approved the merger.

Executive chairman of Morrisons, Sir Ken Morrison, described the proposed merger as a “transforming step for Morrisons”, that will enable it to expand across the UK.

“We have very clear and detailed plans for Safeway and I am confident that we will be able to integrate the two businesses swiftly and effectively,” he said.