23 December 2015: The CMA has accepted undertakings in lieu of reference for the completed acquisition by BCA Trading Limited, a subsidiary of BCA Marketplace plc of SMA Vehicle Remarketing Limited. A copy of the undertakings and the decision can be found below.
1 December 2015: The CMA considers that there are reasonable grounds for believing that the undertakings offered by BCA, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the notice is available below.
17 November 2015: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger, if carried into effect, may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless BCA offers acceptable undertakings to address these competition concerns. The full text of the decision is available below.
22 September 2015: The CMA is considering whether it is or may not be the case that this transaction 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.
Launch of merger inquiry
22 September 2015: The CMA announced the launch of its merger inquiry by notice to the parties.
22 June 2015: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on BCA Marketplace plc and BCA Trading Limited in relation to the completed acquisition of SMA Vehicle Remarketing Limited.