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UK regulator gives provisional approval to Tesco-Booker deal

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UK regulator gives provisional approval to Tesco-Booker deal

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LONDON (Reuters) – Britain’s competition regulator on Tuesday provisionally cleared Tesco’s <TSCO.L> proposed 3.7 billion pound takeover of wholesaler Booker <BOK.L>, taking the UK’s biggest retailer a step closer to securing a new avenue of growth. The Competition and Markets Authority (CMA) said it had provisionally concluded that Tesco’s purchase of Booker does not raise competition concerns.

(Reporting by James Davey; editing by Guy Faulconbridge)
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