Hammerson / Grand Central merger inquiry

The CMA investigated the completed acquisition by Hammerson Plc of the Grand Central Shopping Centre business.

• From: Competition and Markets Authority
• Published: 7 March 2016
• Last updated: 22 August 2016 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Retail and wholesale
• Outcome: Mergers - phase 1 clearance
• Opened: 7 March 2016
• Closed: 22 August 2016

Statutory timetable

Phase 1 date	Action
22 August 2016	Decision published
28 July 2016	Decision announced
3 to 17 June 2016	Invitation to comment
3 June 2016	Launch of merger inquiry
7 March 2016	Initial enforcement order

Phase 1

CMA clearance decision

28 July 2016: The CMA has cleared the acquisition by Hammerson plc of Grand Central Shopping Centre. The full text of the decision is available below.

• Full text decision (22.8.16)

Invitation to comment: Now closed

3 June 2016: The CMA is considering whether it is or may be the case that this transaction has resulted 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 has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

3 June 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (3.6.16)

Initial enforcement order

7 March 2016: On 4 March 2016, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Hammerson Plc, Hammerson UK Properties Plc and Grand Central Limited Partnership in relation to the completed acquisition by Hammerson Plc of the Grand Central Shopping Centre business.

• Initial enforcement order (7.3.16)

Amendments/consents granted

• Derogation 28 June 2016 (15.7.16)
• Derogation 4 May 2016 (6.5.16)
• Derogation 26 April 2016 (3.5.16)
• Derogation 15 April 2016 (3.5.16)
• Derogation 6 April 2016 (14.4.16)

Contact

Please send written representations about any competition or public interest to:

Alba Ziso
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

[email protected]

Published 7 March 2016
Last updated 22 August 2016 + show all updates

1. 22 August 2016

   Full text of the decision published.

2. 28 July 2016

   Clearance decision announced.

3. 15 July 2016

   Derogation published.

4. 3 June 2016

   Launch of merger inquiry and invitation to comment issued.

5. 6 May 2016

   Derogation published.

6. 3 May 2016

   Derogations published.

7. 14 April 2016

   Derogation published.

8. 7 March 2016

   First published.