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Statutory timetable

(*) 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.

(**) The CMA has decided to investigate this transaction and has made an initial enforcement order. This case page will be updated when the CMA formally commences its phase 1 investigation.

Phase 1

Launch of merger inquiry

6 February 2024: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement notice (PDF, 110KB) (6.2.24)

Invitation to comment: closes on 19 February 2024

5 February 2024: The 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 transaction from any interested party.

These comments should be provided by the deadline set out above.

Initial enforcement order

20 November 2023: The Competition and Markets Authority has served an initial enforcement order under section 72 (2) of the Enterprise Act 2002 on CEP V Investment 25 S..r.l., CIM Europe S..r.l., Galaxy Acquisitions S..r.l., PAI Partners S..r.l., Theramex HQ UK Limited and Viatris Inc.

• Initial enforcement order (PDF, 657KB) (21.11.23)

Amendments / consents granted

• Derogation 20 November 2023 (PDF, 591KB) (21.11.23)

Contact

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

Elizabeth Coulter: elizabeth.coulter@cma.gov.uk