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

Topps TilesAnnouncement

03/03/2025 19:00

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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
(https://www.gov.uk/cma-cases/topps-tiles-slash-ctd-tiles-certain-assets-merger-inquiry)
as soon as is reasonably practical.

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

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