GXO Logistics' Wincanton Acquisition Placed Under In-Depth Probe by UK Regulator

MT Newswires Live

Nov 14, 2024

GXO Logistics' (GXO) completed acquisition of Wincanton was referred by the Competition and Markets Authority for an in-depth investigation, the UK regulator said Thursday.

The regulator said it made the referral because "it is or may be the case that this merger may be expected to result in a substantial lessening of competition" in the UK.

GXO closed its acquisition of Wincanton in April.

GXO didn't immediately respond to a request for comment from MT Newswires.

Price: 58.50, Change: -0.08, Percent Change: -0.14

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