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Friday 13 May, 2022

Competition and Mkts

Merger Update: VetPartners / Goddard

RNS Number : 3062L
Competition and Markets Authority
13 May 2022
 

Completed acquisition by Scooby Bidco Limited, trading through its subsidiary VetPartners Limited of Goddard Holdco Limited

 

CMA to look at VetPartners undertakings offer in detail

On 28 April 2022, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

On 6 May 2022, VetPartners Limited offered undertakings to the CMA. The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

The CMA now has until 12 July 2022 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 7 September 2022 if it considers there are special reasons for doing so.

The text of this decision will be placed on the Competition and Markets Authority's website at  https://www.gov.uk/cma-cases   as soon as is reasonably practical.

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