The UK’s Competition and Markets Authority (CMA) has cleared last year’s acquisition of turkey processor Bernard Matthews by the private investment vehicle of Ranjit Singh Boparan, the CEO of the UK’s 2 Sisters Food Group.
However, the CMA confirmed yesterday (12 January) that it had investigated and cleared the deal “by enterprises conducted by Ranjit Boparan and Baljinder Boparan [Mr Boparan’s wife]”. The CMA said it would release the full text of its decision shortly.
An initial enforcement order issued by the CMA, which prohibited moves to integrate Bernard Matthews with businesses of the “acquiring entities” while the investigation was under way without the CMA’s approval, was lifted on 15 December “in view of the evidence available” at that stage, the CMS confirmed yesterday.
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By GlobalData