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24 Apr 2024 10:36
IN BRIEF: Wincanton takeover by GXO cleared by UK national security
Wincanton PLC - Chippenham, UK-based supply chain logistics specialist - GXO Logistics Inc notes that the UK Secretary of State in the Cabinet Office informed it that the UK Government will not take any further action over its planned GBP753.5 million takeover of Wincanton. The agreed deal had triggered a mandatory notification to the UK Government under the UK National Security & Investment Act 2021. GXO Logistics says the acquisition still remains subject to other remaining conditions.
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