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Merger Update: IAA//SYNETIQ

RNS Announcement

RNS Number : 3197B

Competition and Markets Authority

10 February 2022

Revocation Order

The Competition and Markets Authority (CMA) has made a Revocation Order under section 72(4)(B) of the Enterprise Act 2002 in relation to the completed acquisition by IAA, Inc. of SYNETIQ Holdings Limited (the Transaction). The Revocation Order revokes the initial enforcement order that the CMA imposed on 5 November 2021 in relation to the Transaction and is without prejudice to the CMA's ongoing investigation into the Transaction.

The text of the Revocation Order will be placed on the CMA's website at IAA, Inc. / SYNETIQ Holdings Limited merger inquiry - GOV.UK (www.gov.uk) as soon as is reasonably practicable.

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RNS metadata

Title: Merger Update: IAA//SYNETIQ
Time: 12:00:01
Date: 10 Feb 2022
Category: Acquisitions and alliances
ID: 3197B