Hilton Group undertakings review

The CMA is reviewing the undertakings given by Hilton Group plc (now Ladbrokes plc) on 27 October 1999.

Contact

ladbrokes.coral@cma.gsi.gov.uk

Administrative timetable

Date Action
26 July 2016 Final decision published
20 May 2016 Review launched and consultation

Decision to supersede undertakings

26 July 2016: Following a phase 2 investigation into the Ladbrokes/Coral merger and consultation on the review of the undertakings given by Hilton Group plc (now Ladbrokes plc), the CMA has decided that by reason of various changes of circumstances these undertakings are no longer appropriate and should be superseded by new undertakings (which would make provision for a divestiture remedy).

The new undertakings would be the final undertakings (or final order, if undertakings are not agreed) made by the group following the final report. Further details are provided in Section 15 of the Ladbrokes/Coral final report.

Review group appointed

20 May 2016: Following the CMA’s provisional findings in the Ladbrokes/Coral merger inquiry, it has decided to reopen the review of the undertakings given by Hilton Group plc (now Ladbrokes plc) to the Secretary of State pursuant to section 88(2) of the Fair Trading Act 1973.

The Ladbrokes/Coral notice of possible remedies contains further detail on this review. The inquiry group will conduct its review alongside the Ladbrokes/Coral phase 2 merger investigation. Please see the Ladbrokes/Coral case page for further information.

Martin Cave (Inquiry Chair), John Harley, Andrew Popham and Gavin Robert.

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