A PYMNTS Company

U.K.: Grocery supply merger concerns OFT, referred to Competition Commission

By  |  November 9, 2012

A review of Booker Group plc’s intentions to buy Makro Holding Limited by the Office of Fair Trading has led to a referral to the Competition Commission due to concerns the deal would “reduce competition between cash and carry outlets.” The market, according to the OFT, is worth up to £11 billion in the U.K. The OFT’s biggest concern is the reduction of competition over reaching caterers to supply grocery products. The deal would yield only three major competitors in the sector instead of the current four. Thirteen specific local areas are also a concern for the OFT, where the two companies overlap in competition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Office of Fair Trading

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.