REG - Competition and Mkts - Merger Update: Arcelik/Whirlpool

WhirlpoolAnnouncement

03/08/2023 08:15

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RNS Number : 9134H  Competition and Markets Authority  03 August 2023

 

 

Start of CMA Merger Investigation: ANTICIPATED ACQUISITION BY ARÇELIK A.Ş.
OF WHIRLPOOL CORPORATION'S EMEA MAJOR DOMESTIC APPLIANCES BUSINESS

The Competition and Markets Authority (CMA) is considering whether it is or
may be the case that this transaction, if carried into effect, will result in
the creation of a relevant merger situation under the merger provisions of the
Enterprise Act 2002 and, if so, whether the creation of that situation may be
expected to result in a substantial lessening of competition within any market
or markets in the United Kingdom for goods or services.

 

The CMA announced the launch of its merger inquiry by notice to the Parties on
3 August 2023 and has a deadline of 29 September 2023 for its phase 1
decision.

 

 

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