REG - Competition and Mkts - Bouygues / Equans

Bouygues SAAnnouncement

30/08/2022 19:00

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RNS Number : 6601X  Competition and Markets Authority  30 August 2022

 

 

CMA invites comments on high-speed overhead catenary systems (OCS) merger
remedy:

 

The Competition and Markets Authority (CMA) has opened a consultation on
undertakings proposed by Bouygues S.A. (Bouygues)and Equans S.A.S. (Equans)
(together, the Parties) to address competition concerns over Bouygues'
acquisition of Equans.

 

On 19 July 2022, the CMA announced that it would refer the acquisition for an
in-depth investigation unless the Parties offered acceptable undertakings to
address the CMA's concerns.

 

To address the CMA's concerns, the Parties have offered to appoint an
independent third party expert to assess each of their bids to supply
high-speed OCS in the UK and determine which of the two tenders is most
economically advantageous for the customer, and to then withdraw the less
economically advantageous bid.

 

On 2 August 2022, the CMA announced that it would look in detail at these
undertakings. The CMA has until 28 September 2022 to consider whether to
accept the undertakings, or a modified version of them. As part of this
process, the CMA is now consulting publicly on whether the proposals are
sufficient to address the CMA's competition concerns.

 

Before reaching a final decision, the CMA is therefore inviting interested
parties to make their views known. The deadline for responses is 14 September
2022.

 

The consultation on the undertakings and all other information relating to
this merger investigation can be found on the case page at Bouygues S.A. /
Equans S.A.S. merger inquiry - GOV.UK (www.gov.uk)
(https://www.gov.uk/cma-cases/bouygues-sa-slash-equans-sas-merger-inquiry)

 

In the event of media enquiries please call Press@cma.gov.uk
(mailto:Press@cma.gov.uk) or call on 020 3738 6460.

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