REG - Competition and Mkts - Merger Update: Saint-Gobain / GCP
26/07/2022 08:15
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220726:nRSZ4851Ta&default-theme=true RNS Number : 4851T Competition and Markets Authority 26 July 2022 Anticipated acquisition by Saint-Gobain of GCP Applied Technologies Launch of merger inquiry On 6 December 2021, Compagnie de Saint-Gobain S.A. and GCP Applied Technologies Inc. announced that they entered into an agreement for Saint-Gobain to acquire GCP Applied Technologies (the Merger). The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. The CMA announced the launch of its merger inquiry by notice to the parties on 26 July 2022 and has a deadline of 21 September 2022 for its phase 1 decision. Contact Philippa Allan, philippa.allan@cma.gov.uk Dima Talja, dima.talja@cma.gov.uk Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice (https://www.gov.uk/government/organisations/competition-and-markets-authority/about/personal-information-charter) . 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 MERSEFFFEEESEDW