UK watchdog finds competition risks in GXO Logistics-Wincanton deal

GXO Logistics

01/11/2024 11:46

Nov 1 (Reuters) - Britain's competition watchdog said on
Friday the acquisition of Wincanton by U.S.-based warehousing
firm GXO Logistics  GXO.N , for 762 million pounds ($983.97
million), could reduce competition and raise prices for
customers.​

($1 = 0.7744 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru; Editing by
Krishna Chandra Eluri)
 ((DhanushVignesh.Babu@thomsonreuters.com;))