18 June 2018: On 12 June 2018, the Competition and Markets Authority (CMA) announced that Horizon Global Corporation’s anticipated acquisition of Brink International B.V. would be referred for an in-depth investigation unless suitable undertakings were offered to remedy the competition concerns identified.
Horizon Global Corporation and Brink International B.V. have since confirmed that they have abandoned the transaction and, on this basis, the CMA has decided not to make a reference in this case.
12 June 2018: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger 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 will be available shortly.
13 April 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result 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 may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party. These comments should be provided by the deadline set out above.
Launch of merger inquiry
13 April 2018: The CMA announced the launch of its merger inquiry by notice to the parties.