The proposed acquisition of Tereos’ UK assets by T&L Sugars has recently been escalated to a “Phase 2” investigation by the UK’s Competition and Markets Authority (CMA). This move signals a deeper scrutiny into the deal that could reshape the UK’s sugar industry. The CMA’s concerns hinge on the potential...
UK Sugar Prices Could Rise Due to T&L Sugars and Tereos Deal, CMA Warns
The UK’s competition watchdog has raised concerns over the proposed acquisition of Tereos UK & Ireland’s packed sugar business by T&L Sugars, saying that it could reduce competition and increase sugar prices for UK shoppers. The Competition and Markets Authority (CMA) has given the companies five working days to address...