BWG Group has said that it 'welcomes' the decision of the Competition and Consumer Protection Commission to clear its acquisition of the trading business of ADM Londis.
The deal, which was first announced in January, received competition clearance yesterday (15 June). BWG Group will now proceed to complete the acquisition.
“Londis is a great food retail brand with a rich heritage in Ireland spanning over 60 years," said Leo Crawford, Group CEO, BWG Group.
"Following today’s very positive decision, BWG’s focus will now be on growing and developing Londis in Ireland as part of our portfolio of market leading convenience brands, and we look forward to working with our newest retail partners around the exciting plans we have for Londis retailers and the brand.”
In a statement, the Competition and Consumer Protection Commission said that it 'carried out an intensive and extended Phase 1 investigation, which included ongoing contacts with the parties and obtaining the views of competitors and suppliers'.
It added, 'The Commission has formed the view that the proposed transaction will not substantially lessen competition in any market for goods or services in the State'.
© 2015 - Checkout Magazine by Stephen Wynne-Jones