The British Office of Fair Trading approves in phase I without remedies another acquisition by Britain’s number one food retailer (Tesco/Kwik Save Stores)

On 30 October 2007, the British Office of Fair Trading (“OFT”) announced its Decision on the proposed acquisition, notified by merger notice, by Tesco Stores Limited (“Tesco”) of two former Kwik Save Stores. The Decision came on the day of the OFT's statutory deadline for deciding whether to refer the merger to the Competition Commission. The Decision itself was published on 7 November 2007. The OFT concluded that the proposed merger will not result in substantially lessening competition within a market or markets in the United Kingdom and decided therefore not to refer the merger to the Competition Commission (“CC”) under section 33(1) of the Enterprise Act (the “Act”). Background Tesco is a large national grocery retailer. Kwik Save Stores Limited (“Kwik Save”) entered into administration

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  • Womble Bond Dickinson (Washington)

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Maria Kamnaki, The British Office of Fair Trading approves in phase I without remedies another acquisition by Britain’s number one food retailer (Tesco/Kwik Save Stores), 30 October 2007, e-Competitions October 2007, Art. N° 15163

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