Competition Markets Authority
Statutory timetable
| Date | Action |
|---|---|
| 11 July 2022 | Undertakings in lieu of reference accepted |
| 22 June to 7 July 2022 | Consultation on proposed undertakings in lieu of reference |
| 13 June 2022 | CMA to consider undertakings offered |
| 9 June 2022 | Decision announced |
| 24 May 2022 | Launch of merger inquiry |
| 10 March 2022 to 24 March 2022 | Invitation to comment |
Phase 1
Case closure
1 August 2022: The sale of Welbilts global ice machines business to Pentair plc was approved by the CMA and completed on 28 July 2022. This brings the merger investigation to a close.
Undertakings in lieu of reference accepted
11 July 2022: The CMA has accepted undertakings in lieu of reference for the anticipated acquisition of Welbilt, Inc by Ali Holding S.r.l.
- (19.7.22)
- (11.7.22)
Undertakings in lieu of reference consultation
22 June 2022: We are consulting on proposed undertakings in lieu of reference for the anticipated acquisition of Welbilt, Inc by Ali Holding S.r.l.
- (22.6.22)
- (22.6.22)
CMA to consider undertakings offered
13 June 2022: Ali Group and Welbilt offered undertakings to the CMA, which involves divesting the global ice machines business. The CMA considers that there are reasonable grounds for believing that the undertakings offered by Ali Group and Welbilt or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002.
- (22.6.22)
Reference unless undertakings accepted
9 June 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.
- (22.6.22)
- (9.6.22)
- Press release: Foodservice equipment merger gives CMA cause for concern (9.6.22)
Launch of merger inquiry
24 May 2022: The CMA announced the launch of its merger inquiry by notice to the Parties.
- ?(24.5.22)
Invitation to comment: closed
10 March 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.
Contact
Please send written representations about any competition issues to:
Georgia Zele: Georgia.Zele@cma.gov.uk
Elle Burford: Elle.Burford@cma.gov.uk