Urethane Blog

More On Carpenter/Recticel

July 18, 2022

CMA opens phase 2 investigation

Occasional information, Brussels, 18/07/2022 — 09:58 CET, 18.07.2022

As of this morning, the UK Competition and Markets Authority (the “CMA”) has published its decision that the remedy undertakings offered by Carpenter cannot be accepted by the CMA under the Enterprise Act 2002 and that it will refer the case to Phase 2 (the CMA’s publication can be found here.

This means that the CMA will investigate in more detail what impact the intended transaction will have on competition, and what remedy undertakings could be committed to by the parties in order to allow for clearance of the transaction.

Recticel is currently analyzing the impact of the CMA’s decision together with Carpenter and will provide an update about any further development in due time.


RSS Sign Up for Email Updates