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Booker expects Makro-takeover decision by November 2012

RBR Staff Writer Published 19 October 2012

UK-based cash and carry operator Booker is expecting a decision from the Office of Fair Trading on its proposed takeover of Manchester rival Makro.

The company had announced in July 2012, its decision to take over Makro from its German parent company Metro through a £140m transaction.

The company released a statement along with its half-yearly results for 2012 that said, "We are expecting the OFT to issue its decision towards the end of October or in early November 2012.

"If the matter is referred to the Competition Commission, its review would take approximately six months and we will be required to continue to hold Makro separate during this period."

Booker is hopeful of saving £26m in savings that will result out of the synergies between the two companies - supply chain efficiencies, property costs and the like.

Booker chief executive Charles Wilson added, "Subject to competition clearance Booker and Makro will be able to improve choice, prices and service for caterers, retailers and small businesses in the UK. Once integrated, Makro will prove a good addition to the Booker Group."