Boparan - comment

The competition authority in the UK (CMA) is contemplating a phase 2 inquiry into the Boparan family office acquisition of poultry farming and processing assets from Banham (in Administration). With Boparan’s liquidity position now shored up, the potential for these assets to be used by the Boparan family as a threat to bondholders has receded. Although, Ranjit Boparan may have seen buying Banham as a vote of confidence in the UK poultry industry, in which case we would expect him to fight hard to minimise any disposals necessary to get approval. The CMA will decide by 26 March 22 whether a phase 2 investigation should take place.

Boparan - Sarria Daily Comments 10/11/21

CMA launches probe into Boparan’s acquisition of Banham Poultry | News | The Grocer