Brief: UK's CMA Says Copart/Hills Motors Deal Could Worsen Vehicle Salvage Service Options For Car Insurers

Copart

05/05/2023 12:19

May 5 (Reuters) - Competition and Markets Authority: 
    * CMA -  COPART / HILLS MOTORS MERGER COULD WORSEN VEHICLE
SALVAGE
SERVICE OPTIONS FOR UK CAR INSURERS
    * CMA: PROVISIONALLY FOUND THAT COPART'S COMPLETED PURCHASE
OF
HILLS MOTORS RAISES COMPETITION CONCERNS IN SUPPLY OF VEHICLE
SALVAGE SERVICES IN UK
    * CMA-  REFERRED COPART / HILLS MOTORS DEAL TO AN IN-DEPTH
PHASE 2
INQUIRY AFTER IDENTIFYING COMPETITION CONCERNS
    * CMA - CMA HAS PUBLISHED A NOTICE OF POSSIBLE REMEDIES WITH
A
DEADLINE FOR COMMENTS BY 19 MAY

Source text for Eikon:  ID:nRSE6105Ya 

 ((Reuters.Briefs@thomsonreuters.com;))