Kerry range includes products like sausage rolls

Kerry range includes products like sausage rolls

The UK competition regulator has "provisionally cleared" Pork Farms' takeover of Kerry Group's chilled savoury pastry business.

The Competition and Markets Authority launched an in-depth investigation into Pork Farms' move to buy the scotch egg-to-sausage roll business in January over fears the deal could hit competition in a sector worth GBP1bn a year.

However, the CMA said yesterday (21 April) it had "provisionally concluded the merger has not resulted - or may not be expected to result, in a substantial lessening of competition and hence higher prices or lower quality for retailers".

The watchdog will publish its final report on the deal - first announced last summer - by 21 June.