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Co-op takeover of My Local store may draw in-depth UK probe

( October 19, 2016, 09:39 GMT | Official Statement) -- MLex Summary: The UK’s Competition and Markets Authority has said it will open an in-depth investigation into The Co-operative Group’s acquisition of a My Local convenience store in Widnes in the north of England, unless the company offers concessions. Co-operative bought eight My Local stores this summer, and the CMA said it was concerned about the Widnes acquisition, because Co-operative already owns three nearby stores.The statement follows....

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