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Collett & Sons Ltd

Nationwide UK Platforms inquiry

8. November 2018 | Comments (1)

The UK Competition and Markets Authority has issued a formal notice confirming that it has launched an inquiry into the planned acquisition of UK Platforms by Loxam/Nationwide Platforms, having confirmed that it falls within the requirements of section 96(2) of the Enterprise Act. See Loxam/Nationwide acquires UK Platforms

CMA logo

The notice period takes effect today and gives the CMA until 7th January to complete its inquiry and decide on whether to refer the acquisition to a full stage two investigation or not.

The key factors that will influence the decision are whether the acquisition ‘may be expected to result in a substantial lessening of competition within the market in the United Kingdom’.

In order to assist with this assessment, the CMA is inviting comments on the transaction from any interested party. The deadline for submission of the comments is November 21st.

Comments should be sent to the case officer Rafia Saif either by email at rafia.saif@cma.gov.uk or verbally via telephone on 0203 738 6932

The can also be mailed to the following address:

Rafia Saif
Competition and Markets Authority
Victoria House
Southampton Row
London WC1B 4AD
BoSS Access Towers

Comments

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Supernova
13. November 2018 09:56

Well done CMA have finally got involved

never mind nationwide/loxam trying to bury the industry with there prices and free transportation
the little man is already being pushed out because he can?t compete
this sale MUST be stopped
nationwide/loxam have already said within 6 months UKP would be extinct (positions/jobs/workforce/depots all gone)
There is enough for EVERYONE nationwide/loxam back off ! !

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