Restore plc / TNT UK Limited merger inquiry

The CMA investigated and cleared the completed acquisition by Restore plc of certain businesses of TNT UK Limited.

• From: Competition and Markets Authority
• Published: 4 May 2018
• Last updated: 16 August 2018 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Distribution and service industries
• Outcome: Mergers - phase 1 clearance
• Opened: 4 May 2018
• Closed: 16 August 2018

Statutory timetable

Phase 1 Date	Action
16 August 20018	Decision published
9 August 2018	Decision announced
21 June to 5 July 2018	Invitation to comment
21 June 2018	Launch of merger inquiry
4 May 2018	Initial enforcement order

Phase 1

CMA clearance decision

9 August 2018: The CMA has cleared the completed acquisition by Restore plc of certain businesses of TNT UK Limited.

• Full text decision (16.8.18)

Revocation of initial enforcement order

17 July 2018: In view of the evidence available to the CMA at this stage, the CMA has revoked the initial enforcement order.

• Revocation order (18.7.18)

Launch of merger inquiry

21 June 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (21.6.18)

Invitation to comment: Now closed

21 June 2018: The Competition and Markets Authority (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.

Directions to appoint a monitoring trustee

23 May 2018: On 17 May 2018, pursuant to an initial enforcement order dated 1 May 2018, the CMA directed Restore PLC to appoint a monitoring trustee.

• Directions for monitoring trustee (23.5.18)

Initial enforcement order

On 1 May 2018, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Restore plc, in relation to the completed acquisition by Restore plc of certain businesses of TNT UK Limited.

• Initial enforcement order (4.5.18)

Amendments/consents granted:

• Derogation 4 July 2018 (6.7.18)
• Derogation 27 June 2018 (28.6.18)
• Derogation 19 June 2018 (21.6.18)
• Derogation 11 June 2018 (21.6.18)

Contact

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

[email protected]

Published 4 May 2018
Last updated 16 August 2018 + show all updates

1. 16 August 2018

   Full text of the decision published.

2. 9 August 2018

   Clearance decision announced.

3. 18 July 2018

   Revocation order published.

4. 6 July 2018

   Derogation published.

5. 28 June 2018

   Derogation published.

6. 21 June 2018

   Commencement of initial period notice and derogation published. Statutory timetable updated.

7. 23 May 2018

   Directions to appoint a monitoring trustee published.

8. 4 May 2018

   First published.