Sugar deal could raise prices for UK shoppers

UK Competition and Markets Authority

Friday, March 8, 2024

The UK Competition and Markets Authority's initial investigation has found that TLS’ purchase of Tereos UK & Ireland could result in higher sugar prices. Following an initial Phase 1 investigation, the Competition and Markets Authority (CMA) has found that T&L Sugars Limited’s (TLS) purchase of Tereos UK & Ireland’s ‘business to consumer’ packed sugar business (TUKI B2C) from Tereos SCA (Tereos), could lead to a substantial lessening of competition. TLS and Tereos now have 5 working days to offer solutions which fully resolve the CMA’s competition concerns, otherwise it will refer the deal to an in-depth Phase 2 investigation.

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