CMA update on Origin's agreement to acquire Bunn

RNS Number : 4005M

Origin Enterprises Plc

28 July 2017

 

Origin Enterprises plc

Update from CMA on Origin's agreement to acquire Bunn

28 July 2017

Origin Enterprises plc, the Agri-Services Group ('Origin' or the 'Group'), notes today's announcement by the Competition and Markets Authority ('CMA') in relation to its agreement to acquire the fertiliser activities and certain assets of Bunn Fertiliser Limited ('Bunn'). 

On 14 July 2017, the CMA announced that Origin's proposed acquisition of Bunn would face an in-depth investigation, unless Origin could address the CMA's concerns regarding competition in relation to the supply of fertilisers in the central / eastern region of Scotland. 

Origin has proposed specific undertakings to address the CMA's concerns.  The CMA have accepted in principle these undertakings.

Origin will provide a further update in due course.

ENDS

Enquiries:

Imelda Hurley                            [phone]

Company Secretary

Origin Enterprises plc

About Origin Enterprises plc

Origin Enterprises plc is a focused Agri-Services group providing specialist on-farm agronomy services and the supply of crop technologies and inputs.  The Group has leading market positions in Ireland, the United Kingdom, Poland, Romania and Ukraine. Origin is listed on the ESM and AIM markets of the Irish and London Stock Exchanges. 

ESM ticker symbol:       OIZ

AIM ticker symbol:        OGN

Website:                       www.originenterprises.com

 

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