GXO’s takeover of Wincanton approved by competition watchdog
GXO’s acquisition of Wincanton has finally been cleared by the Competition and Markets Authority (CMA), subject to the sale of Wincanton’s grocery warehousing business. The independent inquiry group leading the CMA investigation into the merger found that GXO’s purchase of Wincanton would reduce competition in grocery warehousing in the UK. This loss of competition would …
