GovWire

Hunter Douglas N.V. / 247 Home Furnishings Ltd merger inquiry

Competition Markets Authority

September 14
11:01 2020

Phase 2

Administrative timetable

Date of referral: 1 April 2020

Statutory deadline: 15 September 2020

Final report

Responses to provisional findings and possible remedies

Provisional findings

16 July 2020: The CMA has provisionally found the completed acquisition by Hunter Douglas N.V. of a controlling interest in 247 Home Furnishings Ltd. in 2019 gives rise to competition concerns.

Initial submissions

Issues Statement

30 April 2020: The issues statement sets out the scope of the investigation. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions.

Directions to appoint a monitoring trustee

27 April 2020: The CMA directed Hunter Douglas N.V., pursuant to the Initial Enforcement Order dated 20 November 2019, to appoint a monitoring trustee.

Inquiry group appointed

8 April 2020: The CMA has appointed the inquiry group:

Kirstin Baker (Chair), Anne Fletcher, Robin Foster and Mark Thatcher

Terms of reference

1 April 2020: The CMA has referred the completed acquisition by Hunter Douglas N.V. of convertible loan notes and certain rights in 247 Home Furnishings Ltd. in 2013 and the completed acquisition by Hunter Douglas N.V. of a controlling interest in 247 Home Furnishings Ltd. in 2019 for an in-depth investigation.

Phase 1

Phase 1 Date Action
20 March 2020 Decision announced
28 January to 7 February 2020 Invitation to comment
27 January 2020 Launch of merger inquiry
20 November 2019 Initial enforcement order

Reference decision

1 April 2020: The CMA has referred the completed acquisition by Hunter Douglas N.V. of convertible loan notes and certain rights in 247 Home Furnishings Ltd. in 2013 and the completed acquisition by Hunter Douglas N.V. of a controlling interest in 247 Home Furnishings Ltd. in 2019 for an in-depth investigation.

Reference unless undertakings accepted

20 March 2020: The CMA has decided, on the information currently available to it, that it is or may be the case that these transactions have resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. These transactions will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Launch of merger inquiry

27 January 2020: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: now closed

28 January 2020: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and,

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: