CMA confirms Poundland/99p Stores merger referral
The CMA has referred Poundland Group plc바카라 사이트™s anticipated acquisition of 99p Stores Limited for an in-depth phase 2 investigation.
The Competition and Markets Authority (CMA) announced on 9 April 2015 that it would refer the merger for a full investigation unless Poundland Group plc and 99p Stores Limited offered acceptable undertakings to address the CMA바카라 사이트™s competition concerns.
Insufficient evidence was available at the CMA바카라 사이트™s initial phase of investigation for it to be confident that the transaction would not result in a realistic prospect of a substantial lessening of competition through a possible reduction in quality, fewer promotions or closure of stores.
As the parties have not offered any undertakings, the CMA will now start an in-depth merger investigation to decide whether the merger raises substantial competition problems that need to be remedied. A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff. The group must publish its final decision by 2 October 2015.
All information relating to the investigation is available on the case page.