Co-operative / ML Convenience and MLCG merger inquiry

The CMA is investigating the acquisition by Co-operative Foodstores Limited of 8 or more My Local grocery stores from ML Convenience Limited and MLCG Limited.

Statutory timetable

Phase 1 date Action
10 November 2016 Decision published
19 October 2016 Decision announced
23 August to 7 September 2016 Invitation to comment
23 August 2016 Launch of merger inquiry
1 July 2016 Initial enforcement order

Phase 1

Undertakings in lieu of reference consultation: Closes 2 December 2016

17 November 2016: We are consulting on proposed undertakings in lieu of a reference for the completed acquisition by Co-operative Foodstores Limited of eight My Local grocery stores from ML Convenience Limited and MLCG Limited.

CMA to consider undertakings offered

1 November 2016: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Co-operative Group Limited, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. The text of the decision is available below.

Reference unless undertakings accepted

19 October 2016: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or 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 the parties offer acceptable undertakings to address these competition concerns. The full text of the decision is available below.

Invitation to comment: Now closed

23 August 2016: The CMA is considering whether it is or may 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

23 August 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

On 1 July 2016 the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Co-operative Group Limited and Co-operative Foodstores Limited in relation to its acquisition of 8 or more My Local grocery stores from ML Convenience Limited and MLCG Limited.

Amendments/consents granted:

Contact

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

Emma Budge
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

emma.budge@cma.gsi.gov.uk

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