UK: Booker's Makro acquisition raises competition concerns
Booker announced the acquisition of Makro in May
The UK's Office of Fair Trading (OFT) has referred Booker's acquisition of Makro to the country's competition authority.
Booker revealed in an announcement today (7 November), the OFT's decision to refer its completed acquisition of Makro to the Competition Commission. The UK retailer said it "looks forward" to working with the Competition Commission through the inquiry.
"Makro UK will continue to be held separate from the rest of Booker until the inquiry is complete," it said.
The UK food wholesaler announced the acquisition of the local cash-and-carry assets of German retail giant Metro Group in May in a deal worth GBP139.7m.
German retailer Metro Group and Dutch peer Ahold are among the latest firms to recall products after admitting certain lines contained horsemeat....
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- Japan's Nagatanien buys Chaucer Food Group
- Wilmar urges palm oil "labour transformation"