Origin acquisition of Bunn hits CMA speed bump

Origin Enterprises’ acquisition of the fertiliser activities and assets of Bunn Fertiliser hit a regulatory speed hump this week, as the CMA published its initial findings over the deal.

The AIM-traded firm was told by the regulator that the proposed acquisition of Bunn could reduce competition to supply fertilisers, particularly in the central and eastern regions of Scotland.

“Origin is now considering the implications of the CMA findings and will provide a further update in due course,” the board said in its short statement.