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UK Probes Probes Supermarket Acquisition

By  |  May 30, 2022

Britain’s competition regulator will investigate supermarket group Morrisons’ purchase of convenience store chain McColl’s out of administration, it said on Monday.

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    The Competition and Markets Authority (CMA) will examine whether the deal results in a substantial lessening of competition.

    Earlier this month, Morrisons, which has a wholesale supply deal with McColl’s, took on all its 1,160 stores, including 270 Morrisons Daily branded stores, in a so-called pre-pack administration. 

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