CMA provisionally clears sugar deal
iStock T&L Sugars Limited (TLS) announced their deal to buy Tereos UK & Ireland’s retail sugar business from Tereos SCA (Tereos) in November 2023. The business supplies supermarkets, wholesalers and foodservice customers in the UK. The Competition and Markets Authority (CMA) referred the deal to an in-depth Phase 2 inquiry, after identifying competition concerns during