Andrea Felsted, Columnist

Happy Christmas, Tesco. Get Ready to Pay Up for Booker

Its regulatory escape leaves it vulnerable to pressure to raise its offer for the wholesaler.

November 14, 2017 at 10:41 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Tesco Plc Agrees To Buy Wholesaler Booker Group Plc For About $4.6 Billion — Simon Dawson/Bloomberg

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Dave Lewis, chief executive officer of Tesco, just got an early Christmas present.

The Competition and Markets Authority has provisionally cleared the supermarket's 3.6 billion pound ($4.7 billion) purchase of wholesaler Booker Group Plc, without demanding any concessions.