The Office of Fair Trading (OFT) has launched an investigation into Morrisons’ proposed acquisition of 30 former Co-operative food stores.
The investigation is to determine the impact on the competition of any other market, although a decision has not yet been made.
The OFT will refer the case to the Competition Commission should the deal be seen to substantially lessen competition.
In January, Morrisons said it expected the deal to buy 38 stores from The Co-operative Group to complete early in the next financial year. The handover has been phased over a six-month period.
The acquisition was first announced last December, and is set to add half a million feet of selling space to Morrisons at a cost of GBP223m (US$355m).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData