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Copart / Hills Motors merger inquiry

Competition Markets Authority

November 28
12:00 2022

Statutory timetable

Phase 1 date Action
28 November 2022 Decision announced
3 October 2022 Launch of merger inquiry
3 October 2022 to 17 October 2022 Invitation to comment
9 August 2022 Initial enforcement order

Phase 1

Reference unless undertakings accepted

28 November 2022: 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. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Launch of merger inquiry

3 October 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: closed 17 October 2022

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.

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

Initial enforcement order

9 August 2022: The Competition and Markets Authority has served an initial enforcement order under section 72 (2) of the Enterprise Act 2002 on Copart, Inc., CPRT LLP, Copart UK Limited and Green Parts Specialist Holdings Ltd.

Contact

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

Jonathan Akinyemi: jonathan.akinyemi@cma.gov.uk

Published 10 August 2022
Last updated 28 November 2022 +show all updates
  1. Summary of phase 1 decision published.

  2. Launch of merger investigation and commencement notice published.

  3. First published.

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