Lloyds Banking Group / MBNA merger inquiry

The CMA investigated and cleared the anticipated acquisition by Lloyds Banking Group Plc of MBNA Limited.

Statutory timetable

Phase 1 date Action
26 May 2017 Decision published
5 May 2017 Decision announced
16 to 30 March 2017 Invitation to comment
16 March 2017 Launch of merger inquiry

Phase 1

CMA clearance decision

5 May 2017: The CMA has cleared the anticipated acquisition by Lloyds Banking Group Plc of MBNA Limited. The full text of the decision is available below.

Invitation to comment: closed

16 March 2017: 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.

Launch of merger inquiry

16 March 2017: The CMA announced the launch of its merger inquiry by notice to the parties.


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Published 16 March 2017
Last updated 26 May 2017 + show all updates
  1. Full text of the decision published.
  2. Clearance decision announced.
  3. First published.