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Merger Update: Bestway/Lexon

RNS Announcement

RNS Number : 6961A

Competition and Markets Authority

26 May 2023

Start of CMA Merger Investigation: ACQUISITION BY BESTWAY PANACEA HOLDINGS LIMITED OF LEXON UK HOLDINGS LIMITED AND ASUREX LIMITED

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted 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 26 May 2023 and has a deadline of 25 July 2023 for its phase 1 decision.

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RNS metadata

Title: Merger Update: Bestway/Lexon
Time: 07:00:03
Date: 26 May 2023
Category: Acquisitions and alliances
ID: 6961A