Supermarket giant’s takeover of wholesaler could cause competition concerns and led to resignation of independent director
Tesco, Britain’s biggest supermarket group, is to buy Booker, the UK’s largest food wholesaler and the company behind Londis and Budgens, in a £3.7bn deal.
The two companies said they wanted to create the UK’s leading food business in a £195bn market, claiming it would “bring benefits for consumers, independent retailers, caterers, small businesses, suppliers, and colleagues, as well as delivering significant value to shareholders”.
Related: Why is Tesco buying Budgens' owner – and will it affect shoppers?
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