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Simply Eat and Hungryhouse merger faces competitors probe

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fergusburnett.com

Simply Eat’s £200m plan to take over rival meals supply service Hungryhouse faces a hurdle.

The proposed deal has been referred for an in-depth investigation by the Competitors and Markets Authority (CMA).

Each firms take on-line orders from prospects and act as supply center males between them and eating places.

Nevertheless, the CMA is nervous that the mixture of the 2 firms might imply worse phrases for the eating places.

The probe will run till November this yr.

Earlier this month, Simply Eat famous that the CMA meant to start an in-depth investigation and stated it was “dedicated to demonstrating to the CMA that the market is, and can stay, aggressive following completion of the proposed transaction”.

The house supply sector is a hotbed of competitors, with Uber and Deliveroo additionally energetic within the sector.

Simply Eat started in Denmark in 2001 however is now based mostly in London.

In addition to spending £200m on the Hungryhouse deal, Simply Eat introduced in December it was planning to broaden in Canada by taking up SkipTheDishes there for 110m Canadian (£66.1m).

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