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Tesco has asked the competition watchdog to fast track its planned £3.7 billion merger





Tesco CEO Dave Lewis, left, and Booker CEO Charles Wilson.

Supermarket Tesco and wholesaler Booker have requested the competition watchdog fast-track its investigation into their planned merger.

The Competition and Markets Authority (CMA) began its investigation into the £3.7 billion ($4.81 billion) deal last month and was due to complete the first stage of its assessment by 25th July. If the request to be fast-tracked is accepted, the CMA would be expected to issue a stage one decision within ten working days.

The investigation could then proceed into a second stage, which would take roughly 24 weeks.

Concerns have been raised that the planned merger between the two retail giants could damage read more >>>

Source:: BusinessInsider.Com

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