The CMA investigated and cleared the completed acquisition by Steven Eagell Limited of 7 Toyota dealerships and 2 Lexus dealerships from Lancaster Motor Company.
|Phase 1 date||Action|
|16 August 2017||Decision published|
|24 July 2017||Decision announced|
|10 July 2017||Revocation of the initial enforcement order|
|12 to 26 June 2017||Invitation to comment|
|12 June 2017||Launch of merger inquiry|
|7 March 2017||Variation order|
|3 March 2017||Initial enforcement order|
CMA clearance decision
24 July 2017: The CMA has cleared the completed acquisition by Steven Eagell Limited of 7 Toyota dealerships and 2 Lexus dealerships from Lancaster Motor Company. The full text of the decision is available below.
- Full text decision (16.8.17)
Revocation of initial enforcement order
11 July 2017: In view of the evidence available to the CMA at this stage, the CMA revoked the initial enforcement order on 10 July 2017.
- Revocation order (11.7.17)
Invitation to comment: now closed
12 June 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted 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
12 June 2017: The CMA announced the launch of its merger inquiry by notice to the parties.
- Commencement of initial period notice (12.6.17)
Initial enforcement order
On 3 March 2017, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Steven Eagell Limited, in relation to the completed acquisition by Steven Eagell Limited of 7 Toyota and 2 Lexus dealerships and related assets from Lancaster Motor Company.
- Derogation 26 May 2017 (2.6.17)
Published: 8 March 2017
Updated: 16 August 2017
Opened: 8 March 2017
Closed: 16 August 2017
- Full text of the decision published.
- Clearance decision announced.
- Revocation order published.
- Launch of merger inquiry and invitation to comment issued.
- Derogation published.
- First published.