13/01/2026
We're delighted to have helped Greencore Group with its £1.2bn acquisition of Bakkavor Group, alongside the admission to listing of shares on the Equity Shares (Commercial Companies) category of the Official List and to trading on the Main Market of the London Stock Exchange.
The deal is expected to complete on January 16, 2026, after gaining UK regulatory approval from the CMA, creating a UK chilled food giant with combined revenues near £4bn, merging Greencore's "food for now" with Bakkavor's "food for later" products.
Greencore shareholders are expected to own about 56%, and Bakkavor shareholders around 44% of the combined group, which will supply major UK retailers with ready meals, sandwiches, salads, and sauces.
The merger will strengthen the combined company's leading role in the UK convenience food market, enhancing scale for investment and innovation, and at the same time making operational efficiencies in manufacturing, supply chains, and distribution.
We'd like to thank our wonderful clients at the company and legal advisors Slaughter & May.
If you'd like to find out how we can help ensure the success of your most critical M&A transactions, chat with us today: hello@blackandcallow.com
