{"id":82014,"date":"2017-06-29T06:00:37","date_gmt":"2017-06-29T06:00:37","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=6021a74f0f698553a284abdddb643df6"},"modified":"2017-06-29T06:00:37","modified_gmt":"2017-06-29T06:00:37","slug":"press-release-tescobooker-request-fast-track-referral","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=82014","title":{"rendered":"Press release: Tesco\/Booker request fast track referral"},"content":{"rendered":"
\n

The Competition and Markets Authority (CMA<\/abbr>) opened its phase 1 investigation<\/a> into the merger in May which was due to be completed by 25 July. It is possible to accelerate the referral of merger cases to phase 2 when requested by the merging companies and if the CMA<\/abbr> has sufficient evidence that the test for reference is met (see notes for editors<\/a>).<\/p>\n

If the CMA<\/abbr> proceeds with a fast track procedure it would expect to issue a phase 1 decision within the next 10 working days. The statutory timetable for the in-depth phase 2 investigation would be 24 weeks.<\/p>\n

The fast track process has been used in a number of CMA<\/abbr> merger investigations previously including BT\/EE<\/a> and Ladbrokes\/Coral<\/a>.<\/p>\n

All information relating to the investigation is available on the case page<\/a>.<\/p>\n

Notes for editors<\/h3>\n
    \n
  1. \n

    The CMA<\/abbr> is the UK\u2019s primary competition and consumer authority. It is an independent non-ministerial government department with responsibility for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer law. For CMA<\/abbr> updates, follow us on Twitter @CMAgovuk<\/a>, Facebook<\/a>, Flickr<\/a> and LinkedIn<\/a>.<\/p>\n<\/li>\n

  2. \n

    Under the Enterprise Act 2002 (the Act) the CMA<\/abbr> has a duty to make a reference to phase 2 if the CMA<\/abbr> believes that it is or may be the case that a relevant merger situation has been created, or arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation; and 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.<\/p>\n<\/li>\n

  3. \n

    Under the Act a relevant merger situation is created if 2 or more enterprises have ceased to be distinct enterprises; and the value of the turnover in the United Kingdom of the enterprise being taken over exceeds \u00a370 million (\u2018the turnover test\u2019) or as a result of the transaction, in relation to the supply of goods or services of any description, a 25% share of supply in the United Kingdom (or a substantial part thereof) is created or enhanced (\u2018the share of supply test\u2019).<\/p>\n<\/li>\n

  4. \n

    All the CMA<\/abbr>\u2019s functions in phase 2 merger inquiries are performed by inquiry groups chosen from the CMA<\/abbr>\u2019s independent panel members. The appointed inquiry group is the decision-maker on phase 2 inquiries.<\/p>\n<\/li>\n

  5. \n

    Media enquiries to the CMA<\/abbr> should be directed to press@cma.gsi.gov.uk<\/a> or 020 3738 6798.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Tesco and Booker have requested that the CMA make a \u2018fast track\u2019 referral to phase 2 in its investigation into the merger.<\/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\/82014"}],"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=82014"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/82014\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}