Core Viewpoint - Greencore plans to divest its soups and sauces business in Bristol to The Compleat Food Group to address regulatory concerns related to its acquisition of Bakkavor [1][5]. Company Developments - The Compleat Food Group will acquire the entire Bristol soups and sauces business, which includes 300 employees [2]. - The Bristol operation generated approximately £47 million ($61.7 million) in revenue for the year ending September 26, representing about 1% of the combined revenues of Greencore and Bakkavor [3][5]. - Greencore expressed optimism about completing the Bakkavor acquisition early in the new year [4]. Regulatory Context - The Competition and Markets Authority (CMA) raised concerns about potential competition issues in the own-label soups and sauces market, prompting Greencore to propose the sale of the Bristol plant as a remedy [5]. - The CMA indicated it was likely to accept the remedies offered by Greencore, which would prevent a Phase-two investigation [5]. Financial Performance - Greencore reported a 7.7% increase in revenue to £1.95 billion for the 52 weeks ending September 26, with profit before tax rising 29.3% to £79.5 million [6]. - Adjusted EBITDA increased by 17.9% to £181.2 million, and adjusted operating profit rose 28.9% to £125.7 million [6]. - Adjusted EPS surged by 46.5% to 18.6 pence, with underlying volume/mix growth of 2.8% despite a 2% impact from inflation and pricing [6].