TGS/PGS UK merger inquiry
The CMA is investigating the anticipated acquisition by TGS ASA of PGS ASA.
Statutory timetable
Phase 1
| Phase 1 | Action |
|---|---|
| 11 June 2024 | Deadline for phase 1 decision (*) |
| 12 April 2024 | Launch of merger inquiry |
| 12 April 2024 to 26 April 2024 | Invitation to comment |
(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.
Launch of merger inquiry
12 April 2024: The CMA announced the launch of its merger inquiry by notice to the Parties.
- (12.4.24)
Invitation to comment: closes 26 April 2024
12 April 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 merger from any interested party.
These comments should be provided by the deadline set out above.
Contact
Please send written representations about any competition issues to:
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