Booker reveals date of expected takeover by Tesco

Wellingborough, Northamptonshire, UK: Wholesaler Booker expects that Tesco’s £3.7bn takeover of the group will complete in early 2018, subject to the necessary shareholder approvals.

The group, which announced its interim results for the 24 weeks to 8 September, said that during the process Booker will continue to ensure it is “business as usual”.

It said that the merger would create the “UK’s leading food business”.

“We are excited by the opportunities the merger will create for consumers, our customers, suppliers, colleagues and shareholders,” said Booker in its statement.

Booker reported total sales of £2.6bn which was a rise of 2.5% while pre-tax profit was £88m, an increase of 9%.

Charles Wilson, chief executive of Booker, said: “Booker Group continues to make good progress with like-for-like non tobacco sales up 7.7%. Our plans to Focus, Drive and Broaden Booker Group are on track. The competition review of the planned merger with Tesco is progressing. We continue to help our retail, catering and small business customers prosper through improving our choice, prices and service.”

NEWS DIGEST

Fowler Welch takes Grocer Gold Award

London, UK: Fowler Welch received the Logistics Supplier of the Year Award at the Grocer Gold Awards 2018. The award recognises a supplier that has …

READ THE FULL STORY >

CoolKit meets Rink Bakery kneads

Bacup, Lancashire: Rink Bakery has bought in its own freezer van from CoolKit after years using a courier to deliver speciality breads. “Our freezer van …

READ THE FULL STORY >

Kuehne+Nagel to open site in East Midlands Gateway

London, UK: Kuehne+Nagel is to lease 18,500sq metres of space at Segro Logistics Park East Midlands Gateway. The East Midlands gateway scheme, adjacent to East …

READ THE FULL STORY >

Martin Jane joins Seven Telematics

Newark, Lincolnshire: Martin Jane is the new key account manager for Seven Telematics. He joins Seven from Gray and Adams where he was a leading figure …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

M20 to become a lorry park post Brexit? bit.ly/2ICiodu #SupplyChain

© 2018 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ