Competition Markets Authority
Phase 2
Administrative timetable
Referral date: 22 March 2024
Statutory deadline: 5 September 2024
- (10.4.24)
Contact
Notice of penalty
26 September 2024: The CMA has published a notice of a penalty imposed on Tereos SCA and Tereos United Kingdom and Ireland Limited (together Tereos) on 25 September 2024 under section 110 of the Enterprise Act 2002 (the Act). The CMA found that Tereos, without reasonable excuse, failed to comply in full with the requirements imposed on it by the notice issued to Tereos under section 109 of the Act on 12 April 2024.
- (26.9.24)
- Press release: Tereos fined for failure to comply with CMA merger procedures (26.9.24)
Final report
3 September 2024: The CMA has published its final report:
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(3.9.24)
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(3.9.24)
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(3.9.24)
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Press notice: Sugar deal cleared by CMA (3.9.24)
Provisional findings
6 August 2024: The CMA has provisionally cleared the anticipated acquisition by T&L Sugars Limited of certain assets of Tereos United Kingdom and Ireland Limited.
The deadline for submitting responses to the provisional findings is 27 August 2024, 5pm.
- (6.8.24)
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- Press notice: CMA provisionally clears sugar deal (6.8.24)
Updated issues statement and Phase 1 Decision
17 July 2024: The CMA has today published further unredacted versions of the Decision on relevant merger situation and substantial lessening of competition full text (Phase 1 Decision) and the issues statement. The additional text is relevant to the CMAs assessment of the counterfactual and is included in Section 4 of the Phase 1 Decision and paragraphs 15 to 18 of the issues statement. We welcome any additional responses from interested third parties on these documents. The deadline for submissions on these documents is 31 July 2024, 5pm.
- (17.7.24)
- (17.7.24)
Responses to the issues statement
- (14.6.24)
- (29.7.24)
Issues statement
26 April 2024: The issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions. The deadline for submissions on the issues statement is 5pm, 10 May 2024.
- (26.4.24)
Inquiry group appointed
3 April 2024: The CMA has appointed the inquiry group.
Terms of reference
22 March 2024: The CMA has referred the anticipated acquisition by T&L Sugars Limited of certain assets of Tereos United Kingdom and Ireland Limited for an in-depth investigation.
- (22.3.24)
Statutory timetable
| Phase 1 | Action |
|---|---|
| 8 March 2024 | Decision announced |
| 12 January 2024 | Launch of merger inquiry |
| 12 January to 26 January 2024 | Invitation to comment |
Phase 1
Reference decision
22 March 2024: The CMA has referred the anticipated acquisition by T&L Sugars Limited of certain assets of Tereos United Kingdom and Ireland Limited for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this Merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
- (22.3.24)
Reference unless undertakings accepted
8 March 2024: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. The transaction will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.
- (24.4.24)
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