Spreadex / Sporting Index merger inquiry
The CMA is investigating the completed acquisition by Spreadex Limited of the B2C business of Sporting Index Limited.
Phase 2
Administrative timetable
Referral date: 17 April 2024
Statutory deadline: 1 October 2024
17 April 2024: The CMA will publish the administrative timetable as soon as is practical.
Contact:
SpreadEx.SportingIndex@cma.gov.uk
Inquiry group appointed
17 April 2024: The CMA has appointed the inquiry group:
Terms of reference
17 April 2024: The CMA has referred the completed acquisition by Spreadex Limited of the B2C business of Sporting Index Limited for an in-depth investigation.
- (17.4.24)
Phase 1
Statutory timetable
| Date | Action |
|---|---|
| 4 April 2024 | Decision announced |
| 6 February 2024 to 20 February 2024 | Invitation to comment |
| 6 February 2024 | Launch of merger inquiry |
| 15 January 2024 | Initial enforcement order |
Reference decision
17 April 2024: The CMA has referred the completed acquisition by Spreadex Limited of the B2C business of Sporting Index Limited for an in-depth investigation, on the basis that, on the information currently available to it, 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.
- (17.4.24)
Reference unless undertakings accepted
4 April 2024: 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. The transaction 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 published shortly.
- (4.4.24)
- Press release: Spread betting deal raises competition concerns (4.4.24)
Launch of merger inquiry
6 February 2024: The CMA announced the launch of its merger inquiry by notice to the parties.
- (6.2.24)
Invitation to comment: closed
6 February 2024: 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.
Written representations about any competition issues should be provided by the deadline set out above.
Initial enforcement order
15 January 2024: The Competition and Markets Authority has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Spreadex.Com Limited and Spreadex Limited.
- (16.1.24)
Amendments / consents granted
- (11.3.24)
- (23.1.24)
- (17.1.24)
Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, read our Privacy Notice.
Last updated 18 April 2024 + show all updates
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Inquiry group appointed.
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Decision to refer and terms of reference published
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Phase 1 decision announced.
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Derogation published.
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Merger inquiry launched.
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Derogation variation published.
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Derogation published
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First published.