Danone gets green light for €1bn takeover of protein powder brand Huel after watchdog clears merger

DANONE has been given the green light for a €1billion (£860million) takeover of protein powder brand Huel. The Competitions and Markets Authority said it has cleared the merger after an inquiry. Food and drinks company Danone agreed to buy the shake maker in March. It has not disclosed the price but a billion euros is.

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French firm says the acquisition of Huel will help it grow in the nutritional sector.

Dragons’ Den star and podcaster Steven Bartlett was previously a director of Huel

The Competition and Markets Authority’s decision came after it launched a preliminary inquiry last month.

The Competition and Markets Authority’s decision came after it launched a preliminary inquiry last month.

“The proposal forms part of the continued development and investment in the Prestwick aerospace sector and will support the ongoing expansion of a significant local employer.”

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