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UK: Largest independent consumer co-op offers remedies for merger, OFT approves

By  |  January 16, 2013
UK: Largest independent consumer co-op offers remedies for merger, OFT approves

The UK’s largest independent consumer co-op has reportedly been given the green light to acquire Tuffin Investments after the Office of Fair Trading has accepted its concessions. Midcounties Co-operative Limited’s plan to acquire Tuffin was put on hold after the OFT found concerns regarding four geographical areas of copetition. In response, Midcounties offered to sell Harry Tuffin or Midcounties stores in each of those locations. As a result the OFT will not refer the deal to the Competition Commission.

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