Competition watchdog has started an investigation into Tesco-Booker

Mark Fitt

Source: ©Photoshot

The latest on deal

The Competitions Market Authority is to assess the planned £3.7bn takeover of Booker’s will reduce the choice for shoppers and other stores Booker’s currently supplies.

Tesco-Booker deal was announced in January and they said it will create the “UK’s leading food business” as Booker also owns Londis, Budgens and Premier.

According to Kantar Worldpanel Tesco remains the largest supermarket with a 27.6 per cent share in the market.

Tesco’s shares have fallen 10 per cent this year and Tuesday afternoon they fell by one per cent and trading at 184.9p.

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