Tesco’s acquisition of the UK’s leading wholesaler Booker is set to become final on Monday, after shareholders of both companies voted in favour of the merger. The retailer aims to create the "UK's leading food business".
Tesco has received clearance from UK Competition and Markets Authority (CMA) for its proposed GBP3.7bn (EUR4.52bn) takeover of UK wholesaler Booker. This means that the two businesses can complete their merger in early 2018, as planned.
The UK’s largest wholesaler recorded a 15% increase in full-year profits as it prepares for a GBP3.7bn (EUR4.52bn) takeover by Tesco later this year or in early 2018. Revenues to catering and retail clients grew by 6.7%.
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