UK watchdog says T&L Sugars deal with Tereos may lead to higher sugar prices

(Reuters) - Britain's antitrust regulator said on Friday that T&L Sugars Limited's purchase of Tereos UK & Ireland's assets could result in higher sugar prices for UK shoppers.

The deal between the two sugar distributors could mean a loss of competition, leading to shoppers paying higher prices at supermarkets, and could be referred to a deeper probe if the parties fail to offer remedies, the Competition and Markets Authority said.

(Reporting by Prerna Bedi in Bengaluru; Editing by Eileen Soreng)