(Reuters) – British competition regulator said on Wednesday U.S.-based warehousing firm GXO’s purchase of England-based logistics company Wincanton is likely to reduce competition in the supply of dedicated warehousing services to UK grocery customers.
The Competition and Markets Authority, which launched an in-depth investigation into the 762 million pounds ($958.67 million) acquisition in November, said the initial assessment by its independent inquiry group found that the deal could potentially increase fees and costs for grocers reliant on dedicated warehousing services.
($1 = 0.7948 pounds)
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Shinjini Ganguli)
