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:
Office of Fair Trading
2-6 Salisbury Square
London EC4Y 8JX
Fax: 020 7211 8916