OneSavings Bank PLC / Charter Court Financial Services Group PLC merger inquiry

The CMA investigated and cleared the anticipated acquisition by OneSavings Bank PLC of Charter Court Financial Services Group PLC.

• From: Competition and Markets Authority
• Published: 5 June 2019
• Last updated: 23 August 2019 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 5 June 2019
• Closed: 23 August 2019

Statutory timetable

Phase 1 date	Action
23 August 2019	Decision published
30 July 2019	Decision announced
5 June 2019 to 19 June 2019	Invitation to comment
4 June 2019	Launch of merger inquiry

Phase 1

CMA Clearance decision

30 July 2019: The CMA has cleared the anticipated acquisition of Charter Court Financial Services Group plc by OneSavings Bank plc.

• Full text decision (PDF, 447kB) (23.8.19)

Invitation to comment: Now closed

5 June 2019: 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

4 June 2019: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement notice (PDF, 84.5kB) (5.6.19)

Contact

Please send written representations about any competition issues to [email protected].

Published 5 June 2019
Last updated 23 August 2019 + show all updates

1. 23 August 2019

   Full text decision published.

2. 30 July 2019

   Clearance decision announced.

3. 5 June 2019

   First published.