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GXO plans to bring 'clarity' amid deeper UK probe of Wincanton buyout

By Jon Menon ( November 6, 2024, 13:22 GMT | Insight) -- GXO Logistics Chief Executive Officer Malcolm Wilson said that the company is preparing to work with the UK antitrust regulator over several months to “clarify” the situation as its buyout of Wincanton faces an in-depth review. The Competition and Markets Authority has found that the deal could lead to higher prices in the contract logistics services market.GXO Logistics chief Malcolm Wilson said that the company intends to work with the UK antitrust regulator over several months to “clarify” the situation as its buyout of Wincanton faces an in-depth review....

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