CMA warns GXO-Wincanton deal ‘likely to reduce competition’
The Competition and Markets Authority (CMA) has said GXO's takeover of Wincanton "is likely to reduce competition".
The £762m deal was agreed a year ago but there is an interim enforcement order in place to prevent the two companies integrating while the CMA conducts its investigation.
An interim report by the CMA's independent inquiry group found there are competition risks "in the supply of dedicated warehousing services to grocery customers in the UK".
Richard Feasey, chair of the independent inquiry group, said: "Contrac... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
