MoneySupermarket.com Group plc (MoneySupermarket) is active in the
provision of price comparison services. It provides customers with
online services enabling them to search and compare, in one place, a
wide range of products.
MoneySavingExpert.com (MoneySavingExpert) is active in the provision
of unbiased consumer information and recommendations aimed at saving
money for the general public.
On 1 June 2012, MoneySupermarket signed a conditional agreement to
acquire all of the assets of the MoneySavingExpert business. The
parties notified the transaction on 6 July 2012. The administrative
deadline is 3 September 2012.
MoneySavingExpert generated a turnover in the UK of approximately
£16 million for the year ending 31 October 2011, so the turnover
test in section 23 of the Enterprise Act 2002 (the Act) is not met.
On the basis of the information available to it, the Office of Fair
Trading has decided that the anticipated acquisition of the
MoneySavingExpert Business by MoneySupermarket.com Group plc does
not qualify for investigation under the mergers provisions of 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.