Steven Eagell / Toyota Dealerships merger inquiry

The CMA investigated and cleared the completed acquisition by Steven Eagell Limited of 7 Toyota dealerships and 2 Lexus dealerships from Lancaster Motor Company.

• From: Competition and Markets Authority
• Published: 8 March 2017
• Last updated: 16 August 2017 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Motor industry
• Outcome: Mergers - phase 1 clearance
• Opened: 8 March 2017
• Closed: 16 August 2017

Statutory timetable

Phase 1 date	Action
16 August 2017	Decision published
24 July 2017	Decision announced
10 July 2017	Revocation of the initial enforcement order
12 to 26 June 2017	Invitation to comment
12 June 2017	Launch of merger inquiry
7 March 2017	Variation order
3 March 2017	Initial enforcement order

Phase 1

CMA clearance decision

24 July 2017: The CMA has cleared the completed acquisition by Steven Eagell Limited of 7 Toyota dealerships and 2 Lexus dealerships from Lancaster Motor Company. The full text of the decision is available below.

• Full text decision (16.8.17)

Revocation of initial enforcement order

11 July 2017: In view of the evidence available to the CMA at this stage, the CMA revoked the initial enforcement order on 10 July 2017.

• Revocation order (11.7.17)

Invitation to comment: now closed

12 June 2017: 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 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

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

• Commencement of initial period notice (12.6.17)

Initial enforcement order

On 3 March 2017, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Steven Eagell Limited, in relation to the completed acquisition by Steven Eagell Limited of 7 Toyota and 2 Lexus dealerships and related assets from Lancaster Motor Company.

• Variation order (8.3.17)
• Initial enforcement order (8.3.17)

Amendments/consents granted

• Derogation 26 May 2017 (2.6.17)

Contact

[email protected]

Published 8 March 2017
Last updated 16 August 2017 + show all updates

1. 16 August 2017

   Full text of the decision published.

2. 24 July 2017

   Clearance decision announced.

3. 11 July 2017

   Revocation order published.

4. 12 June 2017

   Launch of merger inquiry and invitation to comment issued.

5. 2 June 2017

   Derogation published.

6. 8 March 2017

   First published.