By Associated Press - Friday, January 24, 2020

LONDON (AP) - British regulators have opened an initial investigation into a merger between U.K.-based food delivery company Just Eat and its Dutch rival over worries that it might stifle competition.

The Competition and Markets Authority said Friday it’s looking into whether the 6 billion-pound ($8 billion) deal will “result in a substantial lessening of competition” in the U.K. market.

Just Eat shareholders accepted’s bid this month, in a deal to form one of the biggest players in the fiercely competitive food delivery market. indicated the deal would still proceed but would be delayed by a week, with shares in the renamed Just Eat now expected to start trading on Feb. 3.

The Dutch company pulled out of Britain in 2016. It said the regulator would be examining whether it would have re-entered the U.K. market without the Just Eat deal. said it “is confident that merger clearance will be obtained.”

Copyright © 2023 The Washington Times, LLC.

Please read our comment policy before commenting.

Click to Read More and View Comments

Click to Hide