UK's CMA to probe GXO Logistics-Wincanton deal (updated)

GXO Logistics

08/05/2024 12:22

(Adds details in paragraph 2, background in paragraphs 3-4)
       May 8 (Reuters) - Britain's competition regulator will
investigate U.S.-based warehousing firm GXO Logistics'  GXO.N 
762 million pound  ($952.2 million) completed buyout of UK peer
Wincanton  WINAW.L , it said on Wednesday.
    The Competition and Markets Authority (CMA) has issued an
initial order to the companies as part of the probe. 
    GXO outbid CEVA Logistics earlier this year with a 605 pence
per share offer for Wincanton, which operates in about 160
locations. It is also involved in e-commerce, groceries and
non-food retail, with customers including supermarket operators
Sainsbury's, Morrisons and Asda. 
    The deal was completed last month. 
    Wincanton and GXO did not immediately respond to Reuters'
request for comment. 

($1 = 0.8003 pounds)

 (Reporting by Eva Mathews in Bengaluru; Editing by Nivedita
Bhattacharjee and Sonia Cheema)
 ((Eva.Mathews@thomsonreuters.com;))