CASE HUB ARCHIVED—–this archived case hub reflects the position at the date of the decision of 16 June 2216; it is no longer maintained. See further, timeline. Case facts Outline UK merger investigation into the anticipated acquisition by Associated British Foods plc (through ABF Grain Product Limited) of Hovis Group Limited. The transaction involves horizontal overlaps in the supply of packaged, sliced bread and bakery products. Latest developments On 16 June 2026, the CMA unconditionally cleared the transaction, confirming its supplementary interim report. The concluded that, absent the merger, Allied Bakeries would have exited the market due to long-standing financial difficulties and declining demand for bread. As a result, the loss of competitive pressure from Allied Bakeries would occur with or without the merger, leading the CMA to conclude that the transaction does not raise competition concerns. Parties • Associated British Foods PLC (ABF): ABF is a British company that is headquartered in London. The company, through its subsidiaries, offers groceries, clothing, and household products, as well as produces sugar and baker’s yeast ingredients including emulsifiers,