UK competition regulator probes $2.1 bln LKQ-Uni-Select deal

Uni-Select

15/06/2023 12:20

June 15 (Reuters) - UK's competition regulator on
Thursday launched a probe into auto parts provider LKQ Corp's
 LKQ.O  C$2.8 billion ($2.10 billion) deal to buy Uni-Select Inc
 UNS.TO . 
    The Competition and Markets Authority (CMA) has set a
deadline of Aug. 10 for its preliminary decision. 
    The deal, which was announced in February, is expected to
help LKQ tap into Canada-based Uni-Select's strong presence in
the aftermarket auto parts business.
    The companies did not immediately respond to Reuters'
requests for comment. 
   

($1 = 1.3329 Canadian dollars)
    

 (Reporting by Sinchita Mitra in Bengaluru; Editing by Anil
D'Silva)
 ((Sinchita.Mitra@thomsonreuters.com;))