Russ Mould, investment director at AJ Bell, said: “While the CMA seems to be largely relaxed about the merger between Bakkavor and Greencore, the slight issue flagged about own label chilled sauces has caused a touch of market disquiet.
“Given these operations account for a slim percentage of revenues across any combination, coming to an arrangement with the competition authority should not prove too difficult.
“However, it could still push the timetable for completing the transaction out a little.”
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