Flash Report 4 minutesRegister for Free AccessTesco-Booker Merger: Uniting Food Retail and Wholesale Coresight Research January 30, 2017 Executive Summary Tesco, the UK’s biggest grocery retailer, and Booker, the UK’s largest cash-and-carry wholesale supplier, have announced an agreement to merge. The transaction values Booker, the smaller of the parties, at £3.7 billion. Tesco and Booker are complementary businesses. While Booker has retail interests through convenience stores, these are non-owned symbol groups, to which it wholesales. The transaction offers Tesco exposure to the foodservice sector, which is growing faster than traditional grocery retailing. Pro forma, the group generated some £59 billion in revenue in FY16, with Booker contributing 9% of this. Tesco says that it expects total quantifiable synergies of at least £200 million within three years. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: RSA Conference 2023: All Things Cybersecurity—Fighting AI-Powered Intruders with AIConsumers Optimistic About the Economy But Inflation Concerns Persist: US Consumer Survey Insights 2023, Week 47January 2023 US Retail Traffic and In-Store Metrics: Traffic Growth Strengthens to 14%US CPG—Consumer Health: Understanding a Category Marked by Spin-Offs