Competition watchdog rules deal to buy wholesaler which owns Premier,Londis and Budgens will not lead to higher prices or poorer serviceTesco’s £3.7bn takeover of cash-and-carry group Booker has been given the provisional go-ahead by the competition watchdog, which said the deal would not result in higher prices or a poorer service for shoppers.
An investigation into the deal by the Competition and Markets Authority (CMA) found that Britain’s biggest supermarket chain and Booker, and owner of convenience chains including Londis and Budgens,effect not compete head-to-head in most of their activities. Continue reading...
Source: guardian.co.uk