REG - Competition and Mkts - Merger Update: LKQ/Uni-Select
18/08/2023 15:15
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230818:nRSR6819Ja&default-theme=true RNS Number : 6819J Competition and Markets Authority 18 August 2023 CMA invites comments on car parts and garage equipment merger remedy: The Competition and Markets Authority (CMA) has opened a consultation on undertakings proposed by LKQ Corporation to address competition concerns over its acquisition of Uni-Select Inc. On 21 July 2023, the CMA announced that it would refer the acquisition for an in-depth investigation unless LKQ Corporation offered acceptable undertakings to address the CMA's concerns. To address the CMA's concerns, LKQ Corporation has offered to divest the entire UK business of Uni-Select Inc. On 28 July 2023, the CMA announced that it would look in detail at these undertakings. The CMA has until 2 October 2023 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 1 September 2023. The consultation on the undertakings and all other information relating to this merger investigation can be found on the case page at https://www.gov.uk/cma-cases (https://www.gov.uk/cma-cases) . In the event of media enquiries please email Press@cma.gov.uk (mailto:Press@cma.gov.uk) . This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END MEREAAPXFSLDEFA