UK Antitrust Regulator Clears PepsiCo's Acquisition of Pioneer Food Group
March 18 2020 - 5:43AM
Dow Jones News
By Adria Calatayud
The U.K. Competition and Markets Authority on Wednesday cleared
PepsiCo Inc.'s proposed acquisition of South Africa's Pioneer Food
Group Ltd.
The antitrust regulator said it has decided not to refer the
deal to an in-depth investigation based on the information
currently available to it.
The CMA in January said that it was considering whether the
acquisition might hurt competition in the U.K.
PepsiCo in July agreed to buy Pioneer Food for $1.7 billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
March 18, 2020 05:28 ET (09:28 GMT)
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