GXO's Wincanton deal faces UK CMA provisional concern for <10% of revenue; GXO disagrees

GXO Logistics, Inc.

CMA Interim Report on Feb 19 provisionally finds no competition issues for vast majority of Wincanton business.
CMA identified potential substantial lessening of competition for a small set of large UK customers (<10% of Wincanton revenue).
GXO 'strongly disagrees' with the provisional view and will continue to engage in the Phase 2 process.
GXO targets full regulatory clearance of the transaction by end of April 2025.

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