The UK Competition Authority requires the largest provider of property search services to sell its recently acquired competitor (Dye & Durham / TM Group)

CMA requires Dye & Durham to sell TM Group* The CMA has concluded that Dye & Durham must sell TM Group after its in-depth investigation identified competition concerns. Following a Phase 2 merger investigation, the CMA has found that the acquisition of TM Group by Dye & Durham substantially lessens competition in the supply of property search services in England and Wales. Property search reports are used to make sure that buyers and sellers have all the facts they need about a property ā€“ including title, access rights, planning restrictions, water and sewerage services, flood risk and other important information ā€“ before a sale goes ahead. The reports are ordered from firms like Dye & Durham and TM Group by conveyancers, solicitors, estate agents, and mortgage

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UK Competition Authority, The UK Competition Authority requires the largest provider of property search services to sell its recently acquired competitor (Dye & Durham / TM Group), 3 August 2022, e-Competitions Mergers & Acquisitions in online platforms, Art. N° 108137

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