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Friday 14 September, 2018

Competition and Mkts

Merger Update

RNS Number : 8529A
Competition and Markets Authority
14 September 2018
 

 

 

 

CMA to look at Motor Fuel Group undertakings offer in detail

 

 

Completed acquisition by CD&R Fund IX (owner of Motor Fuels Group) of MRH (GB) Limited

 

On 31 August 2018, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

 

On 7 September 2018, CD&R Fund IX (which indirectly controls the Motor Fuel Group) offered undertakings to the CMA. In particular, CD&R Fund IX offered to divest a petrol station site or sites in each local area where the CMA identified a realistic prospect that the Merger may give rise to a substantial lessening of competition.

 

The CMA has considered the undertaking offered and today announced that it considers that there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

 

The CMA now has until 9 November 2018 to decide whether to accept the undertaking, with the possibility to extend this timeframe to 9 January 2019 if it considers there are special reasons for doing so.

 

The text of this decision will be placed on the Competition and Market Authority's web site at www.CMA.gov.uk as soon as is reasonably practical.

 

   In the event of media enquiries please email [email protected]

 

 

For Publicity:

 

The full title of the Merger Case: Completed acquisition by CD&R Fund IX of MRH (GB) Limited

The affected market: Oil and gas refining and petrochemicals

The merger reference code: ME/6750/18

 

 


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