OFT considers Booker/Makro deal

The Office of Fair Trading (OFT) is considering whether or not to refer Booker’s acquisition of rival chain Makro to the Competition Commission.

The decision will rest on whether it decides that the deal has resulted in the creation of a “relevant merger situation under the merger provisions of the Enterprise Act 2002″ and, if so, whether that will make the market less competitive.

Booker announced it was buying Makro for £140m last month – handing over just £15.8m in cash for struggling Makro’s 30 depots and making up the rest of the money to parent company Metro – £124m – in Booker shares.

Comments concerning the acquisition should be made in writing by July 19, 2012 to:

Lisa Hughes
Office of Fair Trading
Fleetbank House
2-6 Salisbury Square
London EC4Y 8JX
Email: lisa.hughes@oft.gsi.gov.uk 
Fax: 020 7211 8916

Get Our E-Newsletter - Wholesale News stories in your in-box, delivered weekly.
Will be used in accordance with our Privacy Policy
Share.

About The Author