Sainsbury’s, the second-biggest supermarket chain in the UK, has halted discussions of its £130m takeover bid with wholesaler Nisa until the the Competition and Markets Authority (CMA) publishes its ruling on a similar deal between Tesco and Booker.
Tesco, the UK’s biggest supermarket chain and Booker, the UK’s largest food wholesaler asked the competition regulator to fast-track its probe into their planned £3.5bn merger.
The Competition and Markets Authority (CMA) could launch an in-depth investigation into food delivery service Just Eat’s planned acquisition of rival Hungryhouse amid concerns that the merger threatens restaurants.
German-owned retailer Aldi is now Britain’s fifth largest supermarket, according to industry data released today by research firm Kantar Worldpanel.
Tesco has made a surprising, and very bold move to acquire food wholesaler Booker for £3.7bn ($4.6bn) this morning.