Bidcorp is to sell off Best Food Logistics to Tesco subsidiary Booker Group. The sale, announced today, is subject to approval from the UK Competition and Markets Authority, which is expected to take several months to come to a decision. If the sale goes ahead it will increase Booker’s footprint in the catering sector. The food wholesale operator distributes branded and private label goods to over 400,000 customers, including independent convenience stores, grocers, pubs and restaurants. Tesco revealed the deal […]
In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND).
DX Group’s multi-million pound takeover of Legal Post (Scotland) and First Post appears to be back on track, after the UK competition authority lifted an enforcement order pausing the deal.
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.