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BCA Marketplace / SMA Vehicle Remarketing merger inquiry

The CMA investigated the finished acquisition by BCA Trading Limited, a subsidiary of BCA Marketplace plc of SMA Vehicle Remarketing Limited.

Contents

Statutory timetable

Phase 1

Undertakings in lieu of reference accepted

23 December 2015: The CMA has accepted undertakings in lieu of reference for the ended acquisition by BCA Trading Limited, a subsidiary of BCA Marketplace plc of SMA Vehicle Remarketing Limited. A copy of the undertakings and the decision can be found below.

Undertaking in lieu of reference consultation: Now closed

Four December 2015: We are consulting on a proposed undertaking in lieu (UIL) of a reference for the anticipated acquisition by BCA Marketplace plc of SMA Vehicle Remarketing Ltd.

CMA to consider undertakings suggested

1 December 2015: The CMA considers that there are reasonable grounds for believing that the undertakings suggested by BCA, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the notice is available below.

Reference unless undertakings accepted

17 November 2015: The CMA has determined, on the information presently available to it, that it is or may be the case that this merger, if carried into effect, may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase two investigation unless BCA offers acceptable undertakings to address these competition concerns. The total text of the decision is available below.

Invitation to comment: Now closed

22 September 2015: The CMA is considering whether it is or may not be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act two thousand two and, if so, whether the creation of that situation has resulted, or 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

22 September 2015: The CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

22 June 2015: The CMA served an initial enforcement order under section 72(Two) of the Enterprise Act two thousand two on BCA Marketplace plc and BCA Trading Limited in relation to the finished acquisition of SMA Vehicle Remarketing Limited.

Contact

Please send written representations about any competition issues to:

Related movie:

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