REG - Competition and Mkts - Merger Update: Asda / Arthur (Co-op)

WalmartAnnouncement

17/01/2023 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230117:nRSQ0224Na&default-theme=true

RNS Number : 0224N  Competition and Markets Authority  17 January 2023

 

 

Start of CMA Merger Investigation: COMPLETED ACQUISITION BY ASDA STORES
LIMITED OF ARTHUR FOODSTORES LIMITED FROM CO-OPERATIVE GROUP LIMITED

 

The Competition and Markets Authority (CMA) 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.

 

The CMA announced the launch of its merger inquiry by notice to the Parties on
17 January 2023 and has a deadline of 14 March 2023 for its phase 1 decision.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MERBSGDBISBDGXR