Huws Gray / Grafton Amendment

The following amendments has been made to the Huws Gray/Grafton announcement released on 8 December 2021 at 7am under RNS No 9034U.

Timeline announcement amended to - The CMA now has until 10 February 2022 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 7 April 2022 if it considers there are special reasons for doing so.

 All other details remain unchanged.

The full amended text is shown below.

CMA to look at Patagonia Bidco Limited's undertakings offer in detail

Anticipated acquisition of certain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders' merchant business

On 29 November 2021, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

On 30 November 2021, Patagonia Bidco Limited offered undertakings to the CMA. The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

The CMA now has until 10 February 2022 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 7 April 2022 if it considers there are special reasons for doing so.

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 on 02037386460.