Merger Update: Bellis/Asda

RNS Announcement

RNS Number : 9387B

Competition and Markets Authority

16 June 2021

Acceptance of Undertakings in Lieu of Reference

The CMA has today accepted undertakings in lieu of reference to Phase 2 given

by Mr Zuber Issa, Mr Mohsin Issa (together, the Issa Brothers), and TDR Capital LLP (TDR) under section 73 of the Enterprise Act 2002. The merger between

Bellis Acquisition Company 3 Limited and Asda Group Limited will therefore not be referred to Phase 2 and the undertakings which have been signed by the Issa Brothers and TDR will come into effect from this date.

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

In the event of media enquiries please email Press@cma.gov.uk or call Matthew Jordan on 020 3738 6283.

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RNS metadata

Title: Merger Update: Bellis/Asda
Time: 11:30:07
Date: 16 Jun 2021
Category: Acquisitions and alliances
ID: 9387B