Tesco's £3.7bn takeover of Booker given green light

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Competition watchdog rules deal to buy Premier, Londis and Budgens owner will not lead to higher prices or poorer service

Tesco’s £3.7bn takeover of cash-and-carry group Booker has been given the provisional go-ahead by the competition watchdog despite rivals warning the deal could drive them out of business.

After spending six months poring over evidence from competitors and crunching numbers, the Competition and Markets Authority (CMA) has concluded the merger of Tesco and Booker – the UK’s biggest retailer and grocery wholesaler respectively – is not bad news for shoppers and diners.

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