Lloyds Banking Group / MBNA merger inquiry

The CMA investigated and cleared the anticipated acquisition by Lloyds Banking Group Plc of MBNA Limited.

• From: Competition and Markets Authority
• Published: 16 March 2017
• Last updated: 26 May 2017 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 16 March 2017
• Closed: 26 May 2017

Statutory timetable

Phase 1 date	Action
26 May 2017	Decision published
5 May 2017	Decision announced
16 to 30 March 2017	Invitation to comment
16 March 2017	Launch of merger inquiry

Phase 1

CMA clearance decision

5 May 2017: The CMA has cleared the anticipated acquisition by Lloyds Banking Group Plc of MBNA Limited. The full text of the decision is available below.

• Full text decision (26.5.17)

Invitation to comment: closed

16 March 2017: 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.

Launch of merger inquiry

16 March 2017: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (16.3.17)

Contact

Please send written representations about any competition or public interest to [email protected].

Published 16 March 2017
Last updated 26 May 2017 + show all updates

1. 26 May 2017

   Full text of the decision published.

2. 5 May 2017

   Clearance decision announced.

3. 16 March 2017

   First published.