US EditionCompetition watchdog puts Greencore’s £1.2bn swoop for Bakkavor under microscope
GREATER LONDON, ENGLAND, JUL 8 – The UK competition watchdog is reviewing whether the £1.2 billion merger will reduce competition in food-to-go markets serving 30,500 employees, with stakeholder comments due by July 22.
- On July 8, 2025, the UK's Competition and Markets Authority launched a consultation on Greencore's £1.2 billion takeover of Bakkavor.
- The CMA initiated this invitation to comment ahead of a formal investigation due by July 22, focusing on possible competition concerns.
- Agreed in May as a reverse takeover, the deal will create a large food company with approximately £4 billion in yearly revenue and a workforce of around 30,500 employees.
- Greencore shareholders will hold about 56% and Bakkavor 44% of the new group, which aims to save £80 million yearly, possibly cutting up to 5% of staff.
- If approved by regulators and shareholders, the takeover could complete early 2026, creating a leading UK food-to-go business amid union warnings of 1,500 potential job losses.
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11 Articles
Competition concerns raised for Greencore's Bakkavor acquisition - East Midlands Business Link
The Competition and Markets Authority (CMA) is proposing an investigation into the anticipated £1.2bn acquisition of Bakkavor by Greencore. The transaction would create a leading UK convenience food business with a combined revenue of £4bn and approximately 30,500 employees. Bakkavor, a major supplier of ready meals and desserts to UK supermarkets such as Tesco and […]
CMA Investigating Greencore’s Acquisition Of Bakkavor
The Competition & Markets Authority (CMA) has kicked off a preliminary investigation into Greencore’s £1.2bn takeover of rival Bakkavor, which was confirmed in May. The regulator said it was looking at whether the merger of the two food manufacturing giants (more…) The post CMA Investigating Greencore’s Acquisition Of Bakkavor appeared first on KamCity.
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