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Wholesalers weigh up appeal on Tesco-Booker merger

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The bosses of seven of the UK’s biggest grocery wholesalers have put aside their competitive differences to consider lodging an appeal on the final approval of Tesco’s £3.7 billion takeover of Booker. Yesterday, the Competition and Markets Authority (CMA) gave the final go-ahead for the merger between the UK’s biggest grocer and the biggest grocery wholesaler and convenience store operator – arguing that its probe did not find any competition concerns despite fears raised by rival wholesale groups. In October, the bosses of seven of the UK’s largest wholesalers jointly wrote to the CMA arguing the deal would hand Tesco “incontestable power over the procurement of all grocery categories in the UK”

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Wholesalers weigh up appeal on Tesco-Booker merger

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