Tiancheng International Investment / Biotest AG merger inquiry

The CMA has investigated and cleared the completed acquisition by Tiancheng International Investment Limited (part of Creat Group Co., Ltd.) of Biotest AG.

Statutory timetable

Phase 1 Date Action
5 June 2018 Decision published
15 May 2018 Decision announced
20 April 2018 Revocation of initial enforcement order
23 March 2018 Invitation to comment
23 March 2018 Launch of merger inquiry
2 February 2018 Initial enforcement order

Phase 1

CMA clearance decision

15 May 2018: The CMA has cleared the completed acquisition by Tiancheng International Investment Limited (part of Creat Group Co., Ltd.) of Biotest AG. The full text of the decision is available below.

Revocation of initial enforcement order

20 April 2018: In view of the evidence available to the CMA at this stage, the CMA has revoked the initial enforcement order.

Invitation to comment: Now closed

23 March 2018: 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

23 March 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

On 31 January 2018 the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Tiancheng (Germany) Pharmaceutical Holdings AG and Bio Products Laboratory Holdings Limited, both subsidiaries of Creat Group Co., Ltd., in relation to the completed acquisition by Tiancheng International Investment Limited (also part of Creat Group Co., Ltd.) of Biotest AG.

Amendments/consents granted:

Contact

Please send written representations about any competition or public interest to:

Rosy Cheetham
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

rosy.cheetham@cma.gsi.gov.uk

Published 2 February 2018
Last updated 5 June 2018 + show all updates
  1. Full text of the decision published.
  2. Clearance decision announced.
  3. Revocation order published.
  4. Commencement of initial period notice published.
  5. Derogation published
  6. First published.