Competition and Mkts - Merger Update : Topps Tiles / CTD Tiles

Topps Tiles

03/03/2025 17:00

RNS Number : 0652Z

Competition and Markets Authority

03 March 2025

 

 

CMA to consider undertakings offered

Completed acquisition by Topps Tiles Plc of certain assets of Tildist Realisations Limited (formerly CTD Tiles Limited).

On 17 February 2025, the CMA decided, on the information currently available to it, that it is or may be the case that this Merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

On 24 February 2025, the Parties offered undertakings in lieu of a reference to the CMA, which involve the divestment of tile stores in Aberdeen, Inverness, Edinburgh and Dorking. The CMA considers that there are reasonable grounds for believing that the undertakings offered by the Parties, or a modified version of them, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

The CMA now has until 1 May 2025 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 30 June 2025 if it considers there are special reasons for doing so.

The text of this decision will be placed on the Competition and Markets Authority's website at Topps Tiles / CTD Tiles (certain assets) merger inquiry - GOV.UK as soon as is reasonably practical.

In the event of media enquiries please email Press@cma.gov.uk

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