Booker this morning (June 29) issued a statement, saying that it had asked the competition authorities to speed up their probe into the propsed merger with Tesco.
The statement reads as follows:
“On 27 January 2017 we announced the planned merger with Tesco PLC and Booker Group plc. Since that point, we have been working closely with the Competition and Markets Authority (the CMA) as they examine the Merger.
“Following continued constructive dialogue and further to the commencement of the CMA’s Phase 1 review on 30 May 2017, we have now requested that the CMA uses the “fast track” process to allow it to move more quickly to examining the Merger through a detailed Phase 2 process.
“We expect the CMA to issue an early decision to refer to Phase 2 within the next two weeks. We are grateful to the CMA team for the work they have done to date and appreciate the support of customers, suppliers and colleagues during this process.”