CMA accepts remedies in convenience store merger
The CMA has accepted Co-op바카라 사이트™s proposals to remedy competition concerns over its purchase of a My Local store in Widnes, Cheshire.
On 19 October the Competition and Markets Authority (CMA) announced that the Co-operative Foodstores Ltd바카라 사이트™s (Co-op) acquisition of 8 My Local convenience stores gave rise to competition concerns only in Widnes, Cheshire where Co-op already owned 3 convenience stores in close proximity to each other.
On 17 November 2016 the CMA launched a public consultation on Co-op바카라 사이트™s proposal to sell 2 of its convenience stores in Widnes 바카라 사이트“ CGL Hough Green and CGL Farnworth 바카라 사이트“ to an approved buyer or buyers. No issues were raised regarding the ability of the proposal to remedy the CMA바카라 사이트™s competition concerns.
The CMA is satisfied that Co-op바카라 사이트™s undertakings to sell the 2 convenience stores to an approved buyer or buyers resolves its competition concerns. The merger will not be referred for an in-depth phase 2 investigation. Co-op must now sell the 2 stores within a maximum of 3 months to a buyer that the CMA will approve.
All information relating to this investigation can be found on the case page.