GovWire

T&L Sugars/Tereos merger inquiry

Competition Markets Authority

April 3
09:00 2024

Phase 2

Administrative timetable

Referral date: 22 March 2024

Statutory deadline: 5 September 2024

Contact

TLSugars-Tereos@cma.gov.uk

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.

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.

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.

Launch of merger inquiry

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

Invitation to comment: closed

12 January 2024: The Competition and Markets Authority (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.

Written representations about any competition issues should be provided by the deadline set out above.

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our privacy notice.

Published 12 January 2024
Last updated 3 April 2024 +show all updates
  1. Inquiry group published.

  2. Decision to refer and Terms of reference published.

  3. Summary of phase 1 decision published.

  4. Reference unless undertakings accepted published.

  5. First published.

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