CMA begins full review of Kingsmill owner’s planned takeover of bread rival Hovis

Move by UK competition regulator comes as Associated British Foods, which owns Primark, issues profit warningBusiness live – latest updatesThe UK competition watchdog has ramped up its investigation into a £75m takeover deal that will result in the owner of Kingsmill snapping up its sliced bread rival Hovis.Associated British Foods (ABF), which also owns the Primark clothing chain, confirmed plans to buy Hovis from private equity owners Endless in August, combining the UK’s second- and third-largest bread brands. Continue reading...