News / UK regulator delays GXO's Wincanton takeover, due to 'competition concerns'

The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s takeover of Wincanton.

The CMA said today it had completed its ’Phase 1’ investigation into the deal and concluded that it “could reduce competition in the supply of mainstream contract logistics services in the UK”.

GXO has been given five working days to “submit proposals to address the CMA’s concerns.

“If suitable proposals are not submitted, the CMA will progress to an in-depth Phase 2 investigation,” said a ...