Reported 4 days ago
The UK's Competition and Markets Authority (CMA) has initiated an inquiry into Greencore's proposed £1.2 billion merger with Bakkavor, assessing its potential impact on competition in the food market. Parties are invited to comment before the July 22 deadline. While there are concerns about job losses, analysts suggest significant competition reduction is unlikely due to minimal overlap in product offerings. However, the ready meals market may present challenges as both firms have competitive products in that area.
Source: YAHOO