The UK Competition and Markets Authority (CMA) has launched an investigation into a deal by ABP to acquire two processing sites in Scotland, belonging to Scotbeef.
The acquisition of the Bridge of Allan abattoir and Queenslie meat packing plant from Scotbeef, was confirmed by ABP in June, and was expected to be completed by the end of July 2023. However, authorities want to check that the deal will not lead to a substantial lessening of competition, with an initial enforcement order applying from 29 July 2023.
That enforcement order does not prevent the transaction between both companies being completed, provided that ABP observes a number of restrictions. Collectively, these restrictions essentially force ABP and Scotbeef to continue to operate independently of each other.
ADVERTISEMENT
A deadline for the completion of an initial Phase I review by the CMA has not yet been confirmed. It could decide to clear the deal or move to a more detailed Phase 2 investigation.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The UK Competition and Markets Authority (CMA) has launched an investigation into a deal by ABP to acquire two processing sites in Scotland, belonging to Scotbeef.
The acquisition of the Bridge of Allan abattoir and Queenslie meat packing plant from Scotbeef, was confirmed by ABP in June, and was expected to be completed by the end of July 2023. However, authorities want to check that the deal will not lead to a substantial lessening of competition, with an initial enforcement order applying from 29 July 2023.
That enforcement order does not prevent the transaction between both companies being completed, provided that ABP observes a number of restrictions. Collectively, these restrictions essentially force ABP and Scotbeef to continue to operate independently of each other.
A deadline for the completion of an initial Phase I review by the CMA has not yet been confirmed. It could decide to clear the deal or move to a more detailed Phase 2 investigation.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS