{"id":78210,"date":"2017-01-23T09:14:24","date_gmt":"2017-01-23T09:14:24","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=6525a2ac035702521f863dff8895d8cb"},"modified":"2017-01-23T09:14:24","modified_gmt":"2017-01-23T09:14:24","slug":"news-story-cma-accepts-remedies-in-convenience-store-merger","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=78210","title":{"rendered":"News story: CMA accepts remedies in convenience store merger"},"content":{"rendered":"<div class=\"govspeak\">\n<p>On 19 October the Competition and Markets Authority (<abbr title=\"Competition and Markets Authority\">CMA<\/abbr>) <a href=\"https:\/\/www.gov.uk\/government\/news\/convenience-store-acquisition-may-give-rise-to-competition-concerns\">announced<\/a> that the Co-operative Foodstores Ltd\u2019s (Co-op) acquisition of 8 My Local convenience stores gave rise to competition concerns only in Widnes, Cheshire where Co-op already owned 3 convenience stores in close proximity to each other.<\/p>\n<p>On 17 November 2016 the <abbr title=\"Competition and Markets Authority\">CMA<\/abbr> launched a public consultation on Co-op\u2019s proposal to sell 2 of its convenience stores in Widnes \u2013 CGL Hough Green and CGL Farnworth \u2013 to an approved buyer or buyers. No issues were raised regarding the ability of the proposal to remedy the <abbr title=\"Competition and Markets Authority\">CMA<\/abbr>\u2019s competition concerns.<\/p>\n<p>The <abbr title=\"Competition and Markets Authority\">CMA<\/abbr> is satisfied that Co-op\u2019s undertakings to sell the 2 convenience stores to an approved buyer or buyers resolves its competition concerns. The merger will not be referred for an in-depth phase 2 investigation. Co-op must now sell the 2 stores within a maximum of 3 months to a buyer that the <abbr title=\"Competition and Markets Authority\">CMA<\/abbr> will approve.<\/p>\n<p>All information relating to this investigation can be found on the <a href=\"https:\/\/www.gov.uk\/cma-cases\/co-operative-ml-convenience-and-mlcg-merger-inquiry\">case page<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The CMA has accepted Co-op\u2019s proposals to remedy competition concerns over its purchase of a My Local store in Widnes, Cheshire.<\/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\/78210"}],"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=78210"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/78210\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}