EU to okay Kraft takeover of Cadbury

Reuters reports that the EU will okay Kraft’s takeover of Cadbury (though there is still no agreement between the parties) with conditions, later this week. A sweetened bid (pun intended) is expected from Kraft, according to the weekend press.

The pound could benefit from flows to fund the acquisition. It is benefiting today from flows from around the world into the pound as a major UK international bank prepares to pay its dividend.