CMA Reopens IRI / Aztec Merger Investigation


The Competition and Markets Authority (CMA) will reopen its investigation into the acquisition by Information Resources Inc. (IRI) of Aztec Group (Aztec)


Published on 06 July 2014


by Competition and Markets Authority

(WireNews+Co)

London, England

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The CMA sought the remittal of the merger from the Competition Appeal Tribunal (CAT) following an application for judicial review brought by AC Nielsen Company Limited (AC Nielsen). The CAT made an order remitting the decision by the Office of Fair Trading (OFT) to the CMA.

The OFT had cleared the merger in December 2013. On 17 April 2014, AC Nielsen brought its application for judicial review seeking re-consideration of the OFT’s decision not to refer the merger for a phase 2 review by the Competition Commission. Although the CMA initially planned to defend the application, it became clear, following the intervention in the proceedings by IRI, that information not previously made available to the OFT might have a bearing on the OFT’s clearance.

In the circumstances, the CMA considered the correct course of action to be for it to re-consider the OFT’s decision not to refer. Both IRI and AC Nielsen consented to the remittal.

The CMA will now require a new Merger Notice from the merged parties and will consider whether to seek interim orders from them in order to hold the businesses separate. An invitation to comment to obtain third party views on the merger will be issued once the Merger Notice has been finalised.


For more information about this press release including Editor's Notes and contact details visit https://www.gov.uk/government/news/cma-reopens-iri-aztec-merger-investigation

 


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Posted 2014-07-06 12:24:00