REG - Competition and Mkts - Merger Update: Asda / Arthur (Co-op)

WalmartAnnouncement

14/03/2023 11:15

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RNS Number : 7907S  Competition and Markets Authority  14 March 2023

 

 

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 has resulted or may be expected
to result in a substantial lessening of competition within a market or markets
in the United Kingdom.

 

COMPLETED ACQUISITION BY ASDA STORES LIMITED OF ARTHUR FOODSTORES LIMITED FROM
CO-OPERATIVE GROUP LIMITED

 

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 21 March 2023
 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 22(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.gsi.gov.uk) .

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