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CMA probes Morrisons’ acquisition of McColl’s

The Competition and Markets Authority is probing Morrisons’ takeover of the McColl’s convenience chain. The organisation announced yesterday that it had launched an enquiry through an… View Article

FOOD AND DRINK NEWS UK

CMA probes Morrisons’ acquisition of McColl’s

The Competition and Markets Authority is probing Morrisons’ takeover of the McColl’s convenience chain.

The organisation announced yesterday that it had launched an enquiry through an initial enforcement order into whether the move will result in a substantial lessening of competition markets in the UK.

In the meantime, the two businesses will be able to compete as normal until the enquiry is complete.

A CMA spokesperson said: “We’re aware of the circumstances surrounding Morrisons buying McColl’s convenience stores.

“Now that the businesses have told us that they intend to submit the deal for our review, we will conduct our investigation as quickly as possible.

“Imposing an interim enforcement order is standard practice where a deal has already completed – but we’ve worked closely with Morrisons to ensure that it can provide the support that McColl’s needs to continue to operate during our investigation.”

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