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

RB GlobalAnnouncement

04/03/2022 15:15

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RNS Number : 5351D  Competition and Markets Authority  04 March 2022

Merger decision announced:

 

The CMA has decided, on the information currently available to it, that it is
or may be the case that the following Merger may be expected to result in a
substantial lessening of competition within a market or markets in the United
Kingdom.

 

Anticipated acquisition by Ritchie Bros. Auctioneers Incorporated of Euro
Auctions Group

 

The CMA is therefore considering whether to accept an undertaking under
section 73 of the Enterprise Act 2002 (the Act) in lieu of a reference.
Pursuant to section 73A(1) of the Act, the Parties have until 11 March 2022 to
offer an undertaking to the CMA that might be accepted by the CMA under
section 73(2) of the Act. If no such undertaking is offered, then the CMA will
refer this Merger pursuant to sections 33(1) and 34ZA(2) of the Act:

 

The text of this decision will be placed on the Competition and Markets
Authority's website at www.gov.uk/CMA (http://www.gov.uk/CMA) as soon as is
reasonably practicable.

 

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

 

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