UK watchdog finds competition risks in GXO Logistics-Wincanton deal-February 2024-www.financetom.com

UK watchdog finds competition risks in GXO Logistics-Wincanton deal

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UK watchdog finds competition risks in GXO Logistics-Wincanton deal

Nov 4, 2024 12:03 PM

Nov 1 (Reuters) - Britain's competition watchdog said on

Friday the acquisition of Wincanton by U.S.-based warehousing

firm GXO Logistics ( GXO ), for 762 million pounds ($983.97

million), could reduce competition and raise prices for

customers.

($1 = 0.7744 pounds)

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