Booker buyout of Londis and Budgens given regulatory go-ahead

Booker Group’s £40m bid for Budgens and Londis, announced on May 21 (see Wholesale News, June), has been given the regulatory all-clear, it was announced this morning (September 3).

The Competition & Markets Authority  said that it had “cleared the acquisition by Booker Group of Musgrave Retail Partners GB Limited, which comprises the Londis and Budgens businesses in Great Britain” (around 1,800 stores in all).

Booker said completion of the acquisition “is expected to occur on or before September 14, 2015.”

Charles Wilson, Booker Group Chief Executive, said: “We are pleased that the acquisition of Londis and Budgens has been cleared by the CMA. This will help strengthen our support for independent retailers throughout Great Britain.”

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