0:00
You've got a story about two companies,
0:02
making a lot of dough. And by dough, I
0:04
of course mean actual bread.
0:06
>> So, the owner of Kingsmill, company
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called Associated British Foods or ABF,
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have agreed to buy Hovis in a 75 million
0:14
pound deal, which yesterday was cleared
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by the competition regulator, despite
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the fact that this would combine the two
0:20
firms into what would be the UK's
0:22
largest bread maker by country mile.
0:24
>> Well, yes, so the CMA have assured the
0:25
public that this would not lead to any
0:27
competition problems.
0:29
What what do you think pushed it over
0:30
the edge? Because it does seem like they
0:31
are going to have a huge segment of the
0:33
bread pie. A big slice.
0:34
>> Well, I I think it is precisely that,
0:36
because bread is such a low margin
0:38
business, the chances that this is going
0:40
to be something that will massively warp
0:42
the market is is quite slim.
0:43
>> When I read Britain's biggest bread
0:45
maker in the script earlier, I genuinely
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thought the the thing that my mom had in
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the kitchen. It's like someone's
0:50
actually built the world's biggest bread
