REG - Competition and Mkts - Merger Update: Ritchie Bros / Euro Auctions

RB GlobalAnnouncement

07/01/2022 15:00

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RNS Number : 6640X  Competition and Markets Authority  07 January 2022

Start of CMA Merger Investigation: The CMA is investigating the anticipated
acquisition by Ritchie Bros. Auctioneers Incorporated of Euro Auctions Group

 

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
7 January 2022 and has a deadline of 4 March 2022 for its phase 1 decision.

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