The UK Competition Authority prohibits a transaction following an in-depth phase 2 investigation ruling that only full divestiture would address competition concerns in the commercial vehicle and trailer parts sector (TVS Europe Distribution / 3G)

On 12 January 2021, the CMA ordered TVS Europe Distribution Limited ("TVS") to divest its ownership of 3G Truck and Trailer Parts Limited ("3G"). After conducting a Phase 2 merger inquiry, the Competition and Markets Authority ("CMA") ruled that only full divestiture would address its competition concerns. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS This case is a reminder that the CMA is willing to intervene in relatively small markets - 3G had a UK turnover of just over £10 million. The case highlights how

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  • Ashurst (London)
  • Ashurst (London)

Quotation

Nigel Parr, Tom Punton, The UK Competition Authority prohibits a transaction following an in-depth phase 2 investigation ruling that only full divestiture would address competition concerns in the commercial vehicle and trailer parts sector (TVS Europe Distribution / 3G), 12 January 2021, e-Competitions January 2021, Art. N° 99170

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