Booker deal cleared20 Dec 2017 16:27
* UK regulator unconditionally clears Tesco/Booker deal
* Tesco/Booker investors to vote on deal in February
LONDON, Dec 20 (Reuters) - Tesco, Britain's largest retailer, tightened its hold on the nation's food market on Wednesday when the competition regulator gave final approval for its 3.7 billion pound ($4.95 billion) takeover of wholesaler Booker, the boldest move yet by Tesco,
Chief Executive Dave Lewis, who took over in 2014, providing the supermarket group with access to the faster growing catering segment of Britain's 195 billion pound food market.
The ruling by the Competition and Markets Authority (CMA) that the deal, first announced in January, does
not raise competition concerns, means that Tesco ends the year on a high.
Industry data published last week showed Tesco was outperforming its three major UK rivals - Sainsbury's, Asda and Morrisons - and entering the key Christmas period with trading momentum.
Tesco is already the dominant player with a 28.2 percent share of Britain's retail grocery market.
Analysts expect the transaction to be voted through by Tesco and Booker shareholders at meetings in February. The deal would then complete in March.
"Lewis' hand has recently been strengthened by a healthy set of half-year results, which included the resumption of a dividend. That may well be enough to get the shareholder base on board with the deal," said HL analyst Laith Khalaf.