Merger Update: Bestway / Lexon

CMA to look at Well's undertakings offer in detail.

Completed acquisition by Bestway Panacea Holdings Limited of Lexon UK Holdings Limited and Asurex Limited

On 15 June 2023, 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 15 June 2023, Bestway Panacea Holdings 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 24 August 2023 to decide whether to accept the undertaking, with the possibility to extend this timeframe to 20 October 2023 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 website at https://www.gov.uk/cma-cases as soon as is reasonably practical.

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