2nd Sep 2015 14:17
LONDON (Alliance News) - The UK Competition and Markets Authority Wednesday said it has decided not to refer Booker Group PLC's acquisition of Musgrave Retail Partners GB Ltd to a phase 2 investigation.
Booker revealed in May that it is buying Musgrave Retail Partners GB Ltd, which comprises the Londis and Budgens convenience store chains, from Irish food wholesaler Musgrave Group PLC for GBP40 million in cash.
Shares in Booker were trading up 2.6% at 172.30 pence Wednesday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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