CMA Launches Probe into Allied Bakeries Acquisition of Hovis

Reuters12-19 17:11
CMA Launches Probe into Allied Bakeries Acquisition of Hovis

The Competition and Markets Authority has begun an investigation into the proposed acquisition of Hovis Group Ltd by Allied Bakeries, a subsidiary of Associated British Foods. Associated British Foods stated that this step marks an important milestone in the process and emphasized its commitment to working closely with the CMA. The company highlighted that the transaction aims to create a more sustainable competitor in the UK's bakery sector, with greater capacity for investment, innovation, and improved service for customers.

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