- Title:
Merger Update: T&L Sugars / Tereos - Time:
08:00:00 - Date:
22 Mar 2024 - Category:
Acquisitions and alliances - ID:
8600H
⌘K
Loading...
Reference to a Phase 2 investigation: T&L Sugars / Tereos
On 8 March 2024, the CMA decided that it was or may be the case that the above Merger may be expected to result in a substantial lessening of competition (SLC) within a market or markets in the United Kingdom.
Pursuant to section 73A(1) of the Act, the Parties had until 15 March 2024 to offer an undertaking to the CMA that might be accepted by the CMA under section 73(2) of the Enterprise Act 2004 (the Act). On 15 March 2024, T&L Sugars Ltd informed the CMA that they would not be offering any undertakings. The CMA has therefore decided to refer this Merger for a phase 2 investigation pursuant to sections 33 and 34ZA(2) of the Act.
Merger Update: T&L Sugars / Tereos08:00:0022 Mar 2024Acquisitions and alliances8600H