Skip Header
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 launches initial probe into Greencore's acquisition of Bakkavor

(Sharecast News) - The UK's competition watchdog said on Monday that it was launching an investigation into convenience food manufacturer Greencore's £1.2bn acquisition of rival Bakkavor. The Competition and Markets Authority announced in July that it was mulling a potential probe as it launched an "invitation to comment".

It said at the time that it was considering whether the deal would result in a "substantial lessening" of competition.

The CMA said on Monday that it now has "sufficient information" about the deal to enable it to begin an initial investigation to decide whether it will refer it for a phase 2 investigation.

The watchdog has set a deadline of 27 October.

Share this article

Related Sharecast Articles

RBC Capital Markets keeps Ashtead at 'outperform'
(Sharecast News) - RBC Capital Markets said first‑half trading at Ashtead Technology was solid, but slightly softer margins linked to ongoing Middle East and Asia disruptions prompted the broker to trim its estimates.
St James's Place tumbles as two more appointed representatives leave
(Sharecast News) - St James's Place tumbled on Thursday following a report that two more of its large appointed representatives have left the network.
Oxford Biomedica inks service deal with Plowshare Therapies
(Sharecast News) - Oxford Biomedica announced on Thursday that it has signed an agreement to provide process development and AAV GMP manufacturing services to Plowshare Therapies, supporting the biotechnology company's gene therapy programme for rare genetic diseases.
Berenberg lowers target price on Rio Tinto following Q2 update
(Sharecast News) - Analysts at Berenberg cut their price target on Rio Tinto from 8,200p to 8,100p on Thursday, saying higher‑than‑expected diesel costs in the Pilbara were likely to keep unit‑cost pressure elevated, while parts of the miner's Q2 production update pointed to downside risks in iron ore.

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.