REG - Competition and Mkts - Merger Update: Lindab / HAS-Vent

Lindab International ABAnnouncement

03/05/2024 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240503:nRSC0510Na&default-theme=true

RNS Number : 0510N  Competition and Markets Authority  03 May 2024

Reference to a Phase 2 investigation: Completed acquisition by Lindab
International AB of HAS-Vent Holdings Limited

On 26 April 2024, the CMA decided that it is or may be the case that the above
Merger has resulted or may be expected to result in a substantial lessening of
competition (SLC) within a market or markets in the United Kingdom.

Pursuant to section 73A(1) of the Act, Lindab had until 03 May 2024 to offer
an undertaking to the CMA that might be accepted by the CMA under section
73(2) of the Enterprise Act 2004 (the Act). On 26 April 2024, Lindab informed
the CMA that it would not be offering any undertakings. The CMA has therefore
decided to refer this Merger for a phase 2 investigation pursuant to sections
22 and 34ZA(2) of the Act.

Case Ref: ME/7079/23

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MERQKBBQBBKDAPK