The world’s largest pure-play contract logistics operator (PPCLO), GXO, has argued that its intended acquisition of UK competitor Wincanton won’t lead to a substantial lessening of competition for domestic grocery and non-grocery retailers.
GXO’s agreed £960m takeover of Wincanton was held up by the UK’s Competition and Markets Authority (CMA), which said it feared the move would “reduce competition in the supply of mainstream contract logistics services in the UK”, and …
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