Greencore Advances £1.2bn Bakkavor Acquisition with Factory Sale Approval

Greencores proposed £1.2 billion acquisition of Bakkavor progresses as the UKs competition watchdog conditionally approves the sale of its Bristol sauce and soups factory.

• The Competition and Markets Authority (CMA) in the United Kingdom has provisionally accepted Greencores plan to sell its Bristol factory, alleviating concerns over the acquisition.
• Greencore aims to acquire Bakkavor for £1.2 billion, emphasizing its commitment to expanding its footprint in the convenience food sector.
• The sale involves Greencore divesting its only chilled soup and sauces plant in Bristol, a move intended to ensure compliance with competition regulations.