{"id":67127,"date":"2016-02-01T14:00:00","date_gmt":"2016-02-01T14:00:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=a1ac36ea432b59bd6ca46368793cf834"},"modified":"2016-02-01T14:00:00","modified_gmt":"2016-02-01T14:00:00","slug":"news-story-cma-accepts-remedy-in-serviced-office-space-merger","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=67127","title":{"rendered":"News story: CMA accepts remedy in serviced office space merger"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The Competition and Markets Authority (CMA) <a href=\"https:\/\/www.gov.uk\/government\/news\/office-space-merger-prompts-cma-concerns-in-central-london\">announced<\/a> on 18 November 2015 that it would consider in detail a remedy proposed by Regus plc (Regus), instead of referring the case for an in-depth merger investigation. <\/p>\n<p>Regus has offered to sell the Avanta Serviced Office Group plc (Avanta) serviced office space centres located in the Hammersmith, Victoria, Canary Wharf\/Docklands, Euston\/King\u2019s Cross and Paddington areas of central London to a suitable purchaser (or purchasers). <\/p>\n<p>Regus also offered a behavioural remedy in relation to the Hammersmith centre, in the event that the landlord decides to terminate Avanta\u2019s lease early and a suitable purchaser therefore cannot be found for that centre. The behavioural remedy would limit Regus\u2019 ability to raise prices or reduce quality at the Hammersmith centre until the lease terminates. <\/p>\n<p>The CMA has accepted the remedy offered, which it considers is appropriate to resolve its concerns.<br \/>\nBefore reaching a final decision, the CMA carefully assessed and consulted publicly on the proposed remedy. <\/p>\n<p>The CMA received one submission in response to its consultation, which it considered, and is satisfied that the proposed remedy will remedy the concerns identified.<\/p>\n<p>The remedy and all other information relating to this investigation can be found on the <a href=\"https:\/\/www.gov.uk\/cma-cases\/regus-group-avanta-serviced-office-group-merger-inquiry\">case page<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Competition and Markets Authority has today accepted a remedy to resolve competition concerns arising from Regus\u2019 acquisition of Avanta.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/67127"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67127"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/67127\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}