Tesco-Booker Merger Receives Final Approval From UK Competition Authority
The UK’s Competition and Markets Authority (CMA) has announced that it is clearing the proposed merger between Tesco and wholesale group Booker.
A statement by the CMA said that, following an in-depth examination of evidence from a large number of wholesalers, suppliers and retail chains, it has concluded that the deal does not raise competition concerns.
‘Tesco, as a retailer, and Booker, as a wholesaler, do not compete head to head in most of their activities,’ the statement read, ‘however, since Booker supplies shops – such as Premier, Londis and Budgens – that do compete with Tesco, the group considered the impact of this carefully.’
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