Watchdog delays provisional findings on £3.7bn Tesco-Booker merger

 
Helen Cahill
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The competition regulator has pushed back the publication date of its provisional findings on the Tesco-Booker merger.

The provisional findings of the Competition and Markets Authority's (CMA) probe on the £3.7bn tie-up were initially expected to be published by the end of October, but will now appear in mid-November at the latest.

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The statutory deadline for the end of the CMA's "phase 2" investigation is 26 December, and the delay to the provisional findings will not affect this. A full report from the CMA will be published before the statutory deadline.

The investigation into Tesco's proposed merger with Booker began in May, with an initial "phase 1" probe. This stage of the CMA's work uncovered 350 areas of overlap between Tesco and Booker.

The two companies then asked for the investigation to be fast-tracked, and the second phase of the investigation started in late July. Since then a separate team has been seeking additional submissions on the deal.

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