Greencore and Bakkover both say they are confident to closing their planned €1.38bn deal despite some competition concerns.
Concerns over lack of competition in the supply of chilled sauces could hold up Greencore’s planned £1.2 billion (€1.38 billion) purchase of London-based peer Bakkavor.
The companies, which now have just a week to address the issues raised by the UK competition authority before a more in-depth phase two investigation of the proposed merger to the two convenience food giants is triggered, welcomed the announcement.
The Competition and Markets Authority (CMA) said the deal has “a realistic prospect of a substantial lessening of competition” in the
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