Merger Update: Bellis Acquisition Co. 3/Asda Group

RNS Announcement

RNS Number : 9190H

Competition and Markets Authority

08 December 2020

Start of CMA Merger Investigation: ANTICIPATED ACQUISITION BY BELLIS ACQUISITION COMPANY 3 LIMITED OF ASDA GROUP LIMITED

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result 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 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 has launched its phase 1 investigation following the European Commission's decision to refer the case to the United Kingdom, following a request by the merging parties under Article 4(4) of the EC Merger Regulation. The CMA's current statutory deadline to announce its decision is 18 February 2021.

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RNS metadata

Title: Merger Update: Bellis Acquisition Co. 3/Asda Group
Time: 11:00:02
Date: 8 Dec 2020
Category: Acquisitions and alliances
ID: 9190H