The UK's biggest cash and carry chain, Booker Group, has seen its share price suffer after revealing that the Office of Fair Trading has decided to refer the company's completed acquisition of Makro UK to the Competition Commission.
In a statement the firm said: "Booker looks forward to working with the Competition Commission through the inquiry. Makro UK will continue to be held separate from the rest of Booker until the inquiry is complete."
The share price fell 3.54% to 100.70p by late afternoon.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
