REG - Competition and Mkts - Merger Update: Sinch/SAP

SAP SEAnnouncement

03/09/2020 08:05

RNS Number : 8563X
  
Competition and Markets Authority
  
03 September 2020
  
 

Start of CMA Merger Investigation: ANTICIPATED ACQUISITION BY SINCH HOLDING AB OF THE SAP DIGITAL INTERCONNECT UNIT FROM SAP SE
 
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 2 September 2020 and has a deadline of 28 October 2020 for its phase 1 decision.

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