Woolworths’ takeover of a R420 million-a-month company approved

• Woolworths' takeover of In2Food approved with conditions
• The deal was classified as a large merger, with In2Food generating over R5 billion in annual revenue, and Woolworths is In2Food's largest customer
• The acquisition is part of Woolworths' plan to strengthen its food business, which has seen its strongest results in the last financial year in the food sector