Core Viewpoint - Greencore has addressed UK competition concerns regarding its acquisition of Bakkavor by proposing to sell a soups and sauces plant, moving closer to completing the deal early next year [1][3]. Group 1: Acquisition Details - Greencore is in discussions with potential buyers for its chilled soups and sauces manufacturing facility located in Bristol, which generates annual revenue of approximately £47 million ($61.5 million) [2]. - The Bristol facility is the only one operated by Greencore in the soups and sauces category, which was flagged by the Competition and Markets Authority (CMA) as a potential competition conflict [3]. Group 2: Regulatory Approval - The CMA has provisionally accepted the remedies proposed by Greencore, indicating that these measures could alleviate competition concerns [4]. - Joel Bamford, the CMA's executive director for mergers, stated that the remedies have the potential to address the competition issues identified during the investigation [4]. Group 3: Financial Impact - The revenue from the Bristol plant accounts for about 1% of Greencore's total sales for the year ending September 26, with expected total revenue of £1.95 billion for fiscal 2025 [5]. - Bakkavor's adjusted operating profit outlook remains unchanged at £120-126 million for fiscal 2025, with previous year sales reported at £2.3 billion [6].