Bank of Montreal / F&C Asset Management

The CMA investigated the anticipated acquisition by BMO Financial Group of F&C Asset Management plc.

Administrative timetable

Phase 1 Action
19 May 2014 Decision published
2 May 2014 Decision announced
27 March 2014 – 11 April 2014 Invitation to comment
21 March 2014 Merger inquiry launched

Phase 1

CMA clearance decision: 2 May 2014

The CMA announced its clearance decision on 2 May 2014. The full text of the decision is available below:

Invitation to comment: Now closed

The OFT is considering whether this acquisition has resulted 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 has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Merger inquiry Launched: 21 March 2014

The OFT received a satisfactory submission on 21 March 2014


Please send written representations about any competition or public interest to:

Peter Swan
Competition and Markets Authority
Victoria House
37 Southampton Row

Published 30 June 2014