Finance
Britain clears Greencore, Bakkavor's $1.6-billion food group merger
Published by Global Banking and Finance Review
Posted on December 17, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 17, 2025
1 min readLast updated: January 20, 2026
The UK regulator has approved the $1.6 billion merger between Greencore and Bakkavor, with completion expected by January 16.
Dec 17 (Reuters) - Britain's competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the companies.
The Competition and Markets Authority, which launched its probe into the deal in September, said it had accepted undertakings from the companies to address its competition concerns.
Bakkavor's retail customers include Tesco, M&S and Waitrose, while Greencore supplies to all major UK supermarkets.
In a separate statement on Wednesday, Greencore and Bakkavor said the deal is now expected to be completed by January 16.
Upon completion of the deal, Greencore shareholders will hold roughly 56% of the combined entity, while Bakkavor shareholders are expected to own the remaining 44%.
($1 = 0.7473 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-Phillips)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, increase market share, or achieve synergies.
Retail customers are individuals or households that purchase goods and services for personal use rather than for resale or commercial purposes.
Competition concerns arise when a merger or acquisition may reduce competition in a market, potentially leading to higher prices, reduced quality, or less innovation.
Market share is the percentage of an industry's sales that a particular company controls, indicating its competitiveness and market presence.
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