REG - Competition and Mkts - Merger Update: Arçelik / Whirlpool EMEA

WhirlpoolAnnouncement

11/10/2023 08:15

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RNS Number : 6926P  Competition and Markets Authority  11 October 2023

Merger reference decision announced:

 

On 28 September 2023, the CMA decided that it was or may be the case that the
following Transaction may be expected to result in a substantial lessening of
competition within a market or markets in the United Kingdom.

 

Anticipated acquisition by Arçelik A.Ş. of Whirlpool Corporation's EMEA
major domestic appliances business

 

Pursuant to section 73A(1) of the Act, the Parties had until 5 October 2023 to
offer an undertaking to the CMA that might be accepted by the CMA under
section 73(2) of the Enterprise Act 2004 (the Act). On 5 October 2023 the
Parties informed the CMA that they would not be offering any undertakings. The
CMA has therefore decided to make a reference for a phase 2 investigation
pursuant to sections 33(1) and 34ZA(2) of the Act.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practicable.

 

In the event of media enquiries please contact General Enquiries
general.enquiries@cma.gov.uk (mailto:general.enquiries@cma.gov.uk)

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