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CMA clear acquisition of HRP Holdings Ltd by Beijer Ref

CMA clear acquisition of HRP Holdings Ltd by Beijer Ref

BREAKING NEWS: According to the Government website the CMA has cleared the acquisition by Beijer Ref AB (publ) of HRP Holdings Limited.

Background

25 February 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Beijer Ref AB (publ) in relation to the completed acquisition by Beijer Ref Ab (Publ) of HRP holdings Limited.

11 April 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

11 April 2016: The CMA said it is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

7 June 2016: The CMA has cleared the acquisition by Beijer Ref AB (publ) of HRP Holdings Limited. The full text of the decision will be available shortly.

Source: https://www.gov.uk/cma-cases/beijer-hrp-merger-inquiry

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