Menzies Aviation / ASIG merger inquiry
The CMA investigated the completed acquisition by Menzies Aviation plc and Menzies Aviation Inc. of ASIG Holdings Limited and ASIG Holdings Corp. from BBA Aviation plc.
|Phase 1 date||Action|
|25 April 2017||Undertakings in lieu of reference accepted|
|3 March 2017||Decision published|
|1 February 2017||Initial enforcement order|
|15 December 2016||Decision announced|
|25 October to 8 November 2016||Invitation to comment|
|25 October 2016||Launch of merger inquiry|
Undertakings in lieu of reference accepted
25 April 2017: The CMA today accepted Menzies’ offer to sell the ground handling business of ASIG at Aberdeen Airport to Dalcross Handling in order to remedy the CMA’s competition concerns.
In December last year, the CMA found that the acquisition by Menzies of ASIG could lead to a substantial lessening of competition at Aberdeen Airport. To address the CMA’s concerns, Menzies offered undertakings to divest the ASIG Aberdeen business to a purchaser to be approved by the CMA.
After considering responses to its public consultation on the proposed undertakings, the CMA has decided to accept the undertakings offered by Menzies and the sale of ASIG’s Aberdeen business to Dalcross Handling.
A copy of the decision and undertakings are available below.
Undertakings in lieu of reference consultation: Now closed
9 March 2017: We are consulting on proposed undertakings in lieu (UIL) of a reference for the completed acquisition by Menzies Aviation plc and Menzies Aviation Inc. of ASIG Holdings Limited and ASIG Holdings Corp.
Extension of consideration of undertakings in lieu
24 February 2017: The CMA has extended the consideration of UILs until 27 April 2017.
- Notice of extension (24.2.17)
Initial enforcement order
On 1 February 2017, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 in relation to the anticipated acquisition by Menzies Aviation plc and Menzies Aviation Inc. of ASIG Holdings Limited and ASIG Holdings Corp.
- Initial enforcement order (2.2.17)
- Derogation 21 March 2017 (22.3.17)
- Derogation 10 February 2017 (14.2.17)
- Derogation 1 February 2017 (2.2.17)
CMA to consider undertakings offered
3 January 2017: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Menzies Aviation plc and Menzies Aviation Inc., or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the decision is available below.
Reference unless undertakings accepted
15 December 2016: 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 is available below.
- Full text decision (3.3.17)
- Press release: Airport ground handling merger may give rise to competition concerns (15.12.16)
Invitation to comment: Now closed
25 October 2016: 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
25 October 2016: The CMA announced the launch of its merger inquiry by notice to the parties.
- Commencement of initial period notice (25.10.16)
Published: 25 October 2016
Updated: 28 April 2017
Opened: 25 October 2016
Closed: 28 April 2017
- Undertakings in lieu acceptance decision published.
- Undertakings in lieu of reference accepted.
- Derogation published.
- Undertakings in lieu of reference consultation launched.
- Full text of the decision published.
- Notice of extension published.
- Derogation published.
- Initial enforcement order and derogation published.
- CMA to consider undertakings announcement and decision added.
- Decision announced: reference unless undertakings accepted.
- First published.
Case type: Mergers
Case state: Closed
Market sector: Aerospace