CMA publishes issues statement in Poundland/99p merger
The CMA has published an issues statement as part of its inquiry into Poundland’s anticipated acquisition of 99p Stores.
The merger was referred for an in-depth phase 2 investigation on 17 April 2015.
The inquiry group of Competition and Markets Authority (CMA) panel members investigating the merger must decide whether, if the acquisition is completed, a relevant merger situation will be created 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 UK for goods or services. The inquiry group must report by 23 October 2015.
Poundland plc (Poundland) and 99p Stores Limited (99p Stores) are both general merchandise retailers, which both mainly sell goods at a single price point.
The issues statement identifies clearly for all interested parties the key questions which the inquiry is examining. The issues statement does not imply that the inquiry group has yet identified any competition concerns. The full issues statement is available on the investigation case page along with all other published information relating to the investigation.
Anyone wishing to respond to the issues statement should do so in writing, by no later than 5pm on 9 July 2015. Please email poundland.99p@cma.gsi.gov.uk or write to:
Project Manager
Poundland/99p Stores merger inquiry
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD