Brief: UK's CMA provisionally clears Arçelik, Whirlpool deal

Arcelik

08/02/2024 07:11

Feb 8 (Reuters) - Arcelik AS  ARCLK.IS :
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS PROVISIONALLY
CLEARS
ANTICIPATED DEAL BETWEEN ARÇELIK AND WHIRLPOOL, FINDING THAT
CONSUMERS WILL CONTINUE TO HAVE A WIDE RANGE OF CHOICE
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS PROVISIONAL
DECISION
TO CLEAR DEAL HAS BEEN MADE BY AN INDEPENDENT CMA PANEL, AS PART
OF AN IN-DEPTH PHASE 2 INVESTIGATION
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS PANEL FOUND
THAT
ALTHOUGH ARÇELIK AND WHIRLPOOL BOTH HAVE STRONG MARKET
POSITIONS, THEY WILL CONTINUE TO FACE SIGNIFICANT COMPETITION
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS WILL NOW
CONSULT ON
ITS FINDINGS AND LISTEN TO ANY FURTHER VIEWS BEFORE REACHING A
FINAL DECISION

Source text for Eikon:  ID:nRSH3858Ca 
Further company coverage:  ARCLK.IS 

 (Reporting By Sinead Cruise)
 ((sinead.cruise@thomsonreuters.com;))