Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

CMA clears Greencore-Bakkavor deal in Phase 1 review, proposes limited remedies

Mon 27 Oct 2025 07:45

(Sharecast News) - UK watchdog the Competition and Markets Authority has concluded its Phase 1 investigation into Greencore's proposed acquisition of Bakkavor, finding no competition concerns across the vast majority of the combined businesses. The review, which began on 1 September, assessed the potential impact of the transaction on competition across multiple product categories. In its decision, the CMA confirmed that approximately 99% of the combined group's revenues do not raise any competition issues.

However, the CMA identified a potential concern in one specific area - the supply of own-label chilled sauces in the UK - noting that there may be a realistic prospect of a substantial lessening of competition in this segment.

Greencore now has the opportunity to offer remedies to address this concern and avoid a more detailed Phase 2 investigation, with both Greencore and Bakkavor stating they were engaging constructively with the CMA and remain confident in securing final clearance.

The companies reiterated their expectation that the transaction will complete in early 2026, in line with previous guidance.

As of 0810 GMT, Bakkavor shares were up 0.44% at 229p, while Greencore shares were flat at 248p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Fri 04 Sep 2026 12:27
BHP says it 'regularly explores options' after report Baowu eyeing iron ore mine stake
(Sharecast News) - BHP said on Friday that it "regularly explores options that may create long-term value to its shareholders" following a report that steelmaker China Baowu Steel Group is considering taking a stake in the company's Jimblebar iron ore mine in Western Australia.
Fri 04 Sep 2026 10:57
UK new car registrations jump as EV demand accelerates
(Sharecast News) - UK new car registrations rose sharply in August as demand for electric and hybrid vehicles strengthened, industry data revealed on Friday, although September is expected to provide a more meaningful test of underlying demand.
Fri 04 Sep 2026 10:57
JPMorgan reiterates 'overweight' on Prudential; cites cash conversion, buyback upside
(Sharecast News) - JPMorgan reiterated its 'overweight' rating on Prudential on Friday on cash conversion and buyback upside.
Fri 04 Sep 2026 09:19
Goldman upgrades Vodafone to 'buy', hikes price target
(Sharecast News) - Goldman Sachs upgraded Vodafone on Friday to 'buy' from 'sell' on higher relative returns and equity upside, despite its lower structural quality.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026