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Monday 16 April, 2018

Competition and Mkts

Merger Update

RNS Number : 9965K
Competition and Markets Authority
16 April 2018
 

Merger reference decision announced:

 

On 3 April 2018, the CMA decided that it was or may be the case that the following Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

 

Completed transaction by JLA New Equityco Ltd through its subsidiary Vanilla Group Ltd of Washstation Ltd

 

Pursuant to section 73A(1) of the Act, JLA New Equityco Ltd (JLA) had until 10 April 2018 to offer an undertaking to the CMA that might be accepted by the CMA under section 73(2) of the Enterprise Act 2004 (the Act). On 10 April 2018, JLA informed the CMA that it would not be offering any undertakings. The CMA has therefore decided to refer this Merger for a phase 2 investigation pursuant to sections 22(1) and 34ZA(2) of the Act.

  

The text of this decision will be placed on the Competition and Market Authority's web site at www.gov.uk/CMA as soon as is reasonably practicable.

 

In the event of media enquiries please email [email protected].

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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