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Competition 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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The Independent broke the news in London, United Kingdom on Tuesday, July 8, 2025.
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