Competition regulator puts the brakes on £762m Wincanton takeover
The Competition and Markets Authority (CMA) has put the brakes on the £762m takeover of logistics firm Wincanton by US giant GXO with the threat of an in-depth investigation into "competition concerns".
The CMA already has an interim enforcement order (IEO) in place to prevent the two organisations integrating while the regulator conducts its merger review.
It has today revealed that its phase 1 investigation has found the deal could reduce competition in the mainstream contract logistics services market.
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