The CMA has provisionally cleared the anticipated acquisition of 99p Stores Limited by Poundland Group plc following a phase 2 merger investigation. The CMA has found that although, along with Poundworld, the companies are each other’s closest competitors, after the merger they will still face competition from other value retailers such as B&M, Home Bargains, Wilko and Bargain Buys, along with Tesco and to an extent Asda. Click here.
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