Brief: UK competition watchdog extends Boparan, ForFarmers merger probe

ForFarmers NV

20/11/2024 07:06

Nov 20 (Reuters) - ForFarmers NV  FFARM.AS :
    * COMPETITION AND MKTS  - MERGER UPDATE: BOPARAN/FORFARMERS
    * CMA HAS DECIDED TO REFER BOPARAN/FORFARMERS MERGER FOR A
PHASE 2
INVESTIGATION
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS ON 6 NOVEMBER
2024,
IT DECIDED THAT IT WAS OR MAY BE CASE THAT MERGER MAY BE
EXPECTED TO RESULT IN A SUBSTANTIAL LESSENING OF COMPETITION
(SLC) WITHIN A MARKET OR MARKETS IN UNITED KINGDOM.
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS ON 13 NOVEMBER
2024,
BOPARAN OFFERED UNDERTAKINGS TO CMA.
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS HAVING
CONSIDERED
THESE UNDERTAKINGS, CMA DOES NOT BELIEVE THAT THESE WOULD
ACHIEVE AS COMPREHENSIVE A SOLUTION AS IS REASONABLE AND
PRACTICABLE
    * UK'S COMPETITION AND MARKETS AUTHORITY SAYS HAS THEREFORE
DECIDED TO REFER THIS MERGER FOR A PHASE 2 INVESTIGATION

Source text:  ID:nRST8002Ma 
Further company coverage:  FFARM.AS 

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