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Phase 2

Administrative timetable

Date of reference: 10 August 2022

Statutory deadline: 24 January 2023

• Administrative timetable (PDF, 101KB) (21.9.22)

Case closure summary

11 May 2023: The purchase of the Divestment Business by Cinven was approved by the CMA and completed on 2 May 2023. This brings the merger investigation to a close.

• Case closure summary (PDF, 83KB) (11.5.23)

Remedy Group appointed

23 February 2023: The CMA has appointed the Remedy Group.Richard Feasey (Chair), Jo Armstrong and Cyrus Mehta.

Final undertakings

21 February 2023: The CMA has accepted final undertakings to remedy the substantial lessening of competition identified in the final report.

• Notice of acceptance of final undertakings ( PDF, 123 KB) (21.2.23)
• Final undertakings (PDF, 303 KB) (21.2.23)

Notice of proposal to accept final undertakings

2 February 2023: The CMA gives notice of the proposal to accept final undertakings and is inviting comments by 5pm on 16 February 2023.

• Notice of proposal to accept final undertakings (PDF, 126 KB) (2.2.23)
• Draft final undertakings (PDF, 322 KB) (2.2.23)

Final report

15 December 2022: The CMA has published the summary of its final report.

• Summary of final report (PDF, 130 KB) (15.12.22)
• Final report (PDF, 1.35 MB) (15.12.22)
• Appendices and Glossary (PDF, 155 KB) (15.12.22)
• Press release: CMA accepts fast-track remedy in chemicals deal (15.12.22)

Interim order

On 25 November 2022 the Competition and Markets Authority (CMA) made an Interim Order (the Order) addressed to MBCC in accordance with section 81 of the Act.

• Interim order (PDF, 190KB) (5.12.22)

Directions to appoint a monitoring trustee

5 December 2022: The CMA has directed the Parties to appoint a monitoring trustee.

• Directions to appoint a monitoring trustee (PDF, 171KB) (5.12.22)

Responses to notice of possible remedies

The responses to the CMAs notice of possible remedies are below.

• Individual response to notice of possible remedies (PDF, 98KB) (9.12.22)
• Party X response to notice of possible remedies (PDF, 183 KB) (17.11.22)
• Parties response to notice of possible remedies (PDF, 398 KB) (17.11.22)
• Cinven response to notice of possible remedies (PDF, 203 KB) (17.11.22)
• Response to notice of possible remedies (PDF, 143 KB) (17.11.22)
• CVC response to notice of possible remedies (PDF, 193 KB) (17.11.22)

Provisional findings

25 October 2022: The CMA has provisionally found competition concerns as part of its in-depth investigation of the anticipated acquisition by Sika AG of MBCC Group.

• Provisional findings (PDF, 1.04MB) (26.10.22)
• Appendices and glossary (PDF, 178KB) (26.10.22)
• Notice of provisional findings (PDF, 137KB) (25.10.22)
• Summary of provisional findings (PDF, 121KB) (25.10.22)
• Notice of possible remedies (PDF, 296KB) (25.10.22)
• Parties non-confidential proposed remedy option submission (PDF, 1.33 MB) (25.10.22)
• Press release: CMA considers remedy to address concerns in chemical admixtures merger

Issues statement

21 September 2022:The issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition,

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