In The News

CMA to refer Cygnet Health Care/Cambian adult services merger unless undertakings offered

The CMA has decided that it is or may be the case that the completed acquisition by Cygnet Health Care Limited of the Cambian adult services division of Cambian Group plc may be expected to result in a substantial lessening of competition. The merger will therefore be referred for a phase 2 investigation unless the parties offer acceptable undertakings. Click here.

Secretary of State extends deadline for reports by Ofcom and CMA on Fox/Sky merger

Given the proximity of the forthcoming general election, the Secretary of State has written to Ofcom and the CMA to extend the period by which their reports on the Fox/Sky merger should be submitted to Tuesday 20 June. Click here.

EU

Articles 101 and 102

  • The European Commission has confirmed that on 25 April 2017 its officials carried out unannounced inspections at the premises of companies active in the mobile telecommunications sector in Sweden. Click here.

Mergers

  • The European Commission has cleared the proposed acquisition of identity and security solutions provider Morpho, based in France, by Advent International of the US. The approval is conditional on the divestiture of Morpho's payment smart card business in France. Click here.
  • The European Commission has cleared the proposed acquisition of aircraft engine components maker ITP by aircraft engine maker Rolls-Royce. The decision is conditional on Rolls-Royce taking steps in relation to its interest in the EPI engine consortium. Click here.

UK

CMA

  • The CMA has published the provisional findings in its remittal investigation looking at a new commercial agreement between ICE and Trayport. In its provisional remittal decision, the CMA has found that the new agreement represents a significant step-change in relations between 2 companies which had historically not co-operated and that it is necessary to terminate it. Click here.