OneSavings Bank PLC / Charter Court Financial Services Group PLC merger inquiry

The CMA investigated and cleared the anticipated acquisition by OneSavings Bank PLC of Charter Court Financial Services Group PLC.

Statutory timetable

Phase 1 date Action
23 August 2019 Decision published
30 July 2019 Decision announced
5 June 2019 to 19 June 2019 Invitation to comment
4 June 2019 Launch of merger inquiry

Phase 1

CMA Clearance decision

30 July 2019: The CMA has cleared the anticipated acquisition of Charter Court Financial Services Group plc by OneSavings Bank plc.

Invitation to comment: Now closed

5 June 2019: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

4 June 2019: The CMA announced the launch of its merger inquiry by notice to the parties.

Contact

Please send written representations about any competition issues to general.enquiries@cma.gov.uk.

Published 5 June 2019
Last updated 23 August 2019 + show all updates
  1. Full text decision published.

  2. Clearance decision announced.

  3. First published.