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Sysco gains EU approval for $3.1 billion UK food distributor buy

BRUSSELS (Reuters) - Sysco Corp SYY.N, the largest U.S. food distributor, secured EU antitrust approval on Thursday for its $3.1 billion bid for UK peer Brakes Group which will expand its footprint in Europe.

The European Commission said the deal would not have a negative effect on consumers, hospitals, schools and other clients which purchase chilled, frozen and ambient food from the companies.

Brakes, which started as a poultry supplier in 1958, has businesses in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg. Sysco unveiled the deal in February.

Reporting by Foo Yun Chee

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