REG - Competition and Mkts - Merger Update: Hanson/MGL

Heidelberg Materials AGAnnouncement

08/12/2023 08:15

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RNS Number : 0796W  Competition and Markets Authority  08 December 2023

 

 

Anticipated acquisition by Hanson Quarry Products Europe Limited of Mick
George Limited

 

On 24 November 2023, 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 1 December 2023, Hanson Quarry Products Europe Limited and Mick George
Limited offered undertakings to the CMA. The CMA has considered the
undertakings offered and today announced that it considers that there are
reasonable grounds for believing that the undertaking offered, or a modified
version of them, might be accepted by the CMA to remedy the substantial
lessening of competition identified by the CMA.

 

The CMA now has until 7 February 2024 to decide whether to accept the
undertakings, with the possibility to extend this timeframe to 5 April 2024 if
it considers there are special reasons for doing so.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practical.

 

In the event of media enquiries please email Press@cma.gov.uk
(mailto:Press@cma.gov.uk) .

 

 

 

 

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