Durlacher Corporation plc / Panmure Gordon & Co Ltd

OFT closed case: Anticipated acquisition by Durlacher Corporation plc of Panmure Gordon & Co Ltd.

From:
Competition and Markets Authority
Published
3 April 2005
Case type:
Mergers
Case state:
Closed
Market sector:
Financial services
Outcome:
Mergers - phase 1 found not to qualify
Closed:
3 April 2005

Affected market: Investment Banking Services

No. ME/1607/05

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition of Panmure Gordon & Co Ltd by Durlacher Corporation plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

Published 3 April 2005