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Merger Update: Ritchie Bros / Euro Auctions

RNS Announcement

RNS Number : 6640X

Competition and Markets Authority

07 January 2022

Start of CMA Merger Investigation: The CMA is investigating the anticipated acquisition by Ritchie Bros. Auctioneers Incorporated of Euro Auctions Group

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 announced the launch of its merger inquiry by notice to the Parties on 7 January 2022 and has a deadline of 4 March 2022 for its phase 1 decision.

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RNS metadata

Title: Merger Update: Ritchie Bros / Euro Auctions
Time: 14:00:02
Date: 7 Jan 2022
Category: Acquisitions and alliances
ID: 6640X