CMA launches official inquiry into Ardonagh’s Bennetts deal
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.
The Competition and Markets Authority (CMA) has propelled forward with a phase one merger inquiry into Ardonagh Group’s £26m deal to acquire motorcycle specialist broker Bennetts.
The launch comes following an initial investigation and call for comments about whether or not the deal would result in a “substantial lessening of competition”.
At phase one, the CMA determines whether it believes that the merger results in a realistic prospect of a substantial lessening of competition. If so, the
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