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Danone’s $1.2 Billion Huel Deal Faces U.K. Competition Probe

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The U.K. antitrust watchdog launched an initial merger probe into the proposed $1.2 billion acquisition of Huel by Danone BN 1.25%increase; up pointing triangle to examine whether the deal would lessen competition in the country.

Danone, the French food company behind Activia yogurt and Evian water, agreed to buy the British supplier of plant-based food powders and meal-replacement drinks earlier this year.

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