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Tesco completes takeover of Booker

Supermarket Tesco has completed its £3.7 billion takeover of the Booker wholesale group. The cash and shares merger was implemented through a court-sanctioned scheme of arrangement… View Article

FOOD & DRINK

Tesco completes takeover of Booker

Supermarket Tesco has completed its £3.7 billion takeover of the Booker wholesale group.

The cash and shares merger was implemented through a court-sanctioned scheme of arrangement where approval was given on Friday.

Last month Tesco announced that Booker chief executive Charles Wilson’s appointment as chief executive of Tesco’s retail and wholesale operations in the UK & ROI would take effect today. The supermarket has also announced that Booker chairman Stewart Gilliland has been appointed to the Tesco board as a non-executive director.

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