UK CMA seeks views on planned Hovis buy by Associated British Foods
The UK Competition & Markets Authority on Thursday said it is seeking views on the planned acquisition of Hovis Group Ltd by Associated British Foods PLC.
The CMA said the invitation to comment closes on October 2. It is the first part of the competition watchdog’s information-gathering process.
In May, London-based food processing and clothing retailing business ABF had confirmed talks with Hovis owner, Leeds-based Endless LLP, for a potential acquisition.
Back then, ABF had said it was evaluating strategic options for Allied Bakeries as it continued to face a ‘very challenging market.’
Allied Bakeries owns the bread brands Kingsmill, Allinson’s, and Sunblest. It also produces own-label bakery ranges for major UK supermarkets.
ABF shares fell 1.7% to 1,967.50 pence each on Thursday morning in London.
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