February 21, 2018 / 7:40 AM / 6 months ago

BRIEF-UK's ‍CMA Says Found That Mole Valley's Purchase Of Retail Arm Of Countrywide Farmers Could Push Up Prices Or Lower Quality In 45 Local Areas​

Feb 21 (Reuters) - UK’S ‍CMA:

* FOUND THAT MOLE VALLEY’S PURCHASE OF RETAIL ARM OF COUNTRYWIDE FARMERS COULD PUSH UP PRICES OR LOWER QUALITY IN 45 LOCAL AREAS​

* FOUND THAT COMPANIES’ RETAIL BUSINESSES COMPETE CLOSELY, RESULTING IN REDUCED COMPETITION FOR CUSTOMERS IN 25 OF 45 LOCAL AREAS AFTER MERGER​

* ‍MOLE VALLEY NOW HAS OPPORTUNITY TO OFFER WAYS TO ADDRESS THESE COMPETITION CONCERNS​

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