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UK regulator flags competition risk in Greencore-Bakkavor deal
Reuters· 2025-10-27 07:16
Core Viewpoint - The UK's competition regulator has raised concerns that the proposed £1.2 billion ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor may reduce competition in the market for own-label chilled sauces [1] Company Summary - Greencore and Bakkavor are both significant players in the convenience food manufacturing sector, particularly in the production of own-label chilled sauces [1] - The merger, valued at £1.2 billion, is under scrutiny due to potential anti-competitive effects [1] Industry Summary - The merger could impact the competitive landscape of the chilled sauces market, which is characterized by own-label products [1] - Regulatory bodies are increasingly vigilant regarding mergers that may lessen competition in specific food supply segments [1]