date:Mar 20, 2014
The Canadian Competition Bureau has approved Mexican firm Grupo Bimbos proposed acquisition of Canada Bread.
In February, the Mexican firm agreed to acquire Canada Bread for C$1.83bn ($1.66bn).
Canada Bread is the bakery products unit of Ontario-headquartered Maple Leaf Foods, which holds 90% of the company.
The company's product portfolio includes sliced bread, buns, bagels, English muffins and tortillas in Canada, frozen bread in North America and specialty bakery goods in the UK.
The acqu