Stonegate Pub Company acquisition of Ei Group referred for phase 2 investigation

Stonegate Pub Company acquisition of Ei Group referred for phase 2 investigation

On 11 October 2019, the CMA launched a phase 1 investigation into the anticipated acquisition by Stonegate Pub Company Limited of Ei Group plc due to concerns that the proposed transaction could limit options and competition for pub goers. At phase 1, the CMA found that, whilst the transaction does not raise UK-wide concerns, the proposed transaction could reduce competition in 51 local areas. As a result, the CMA has decided that it will refer the proposed transaction for a phase 2 investigation unless the parties offer acceptable undertakings to address the above competition concerns. The deadline for the parties to suggest acceptable undertakings is 13 December 2019.  

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.