The UK’s competition regulator has warned that the £3 billion (US$3.9 billion) takeover of Ei Group, the pubs company, by the owner of the Slug and Lettuce and Yates chains could push up prices for drinkers in 51 areas.
Stonegate Pub Company and Ei Group, better known as Enterprise Inns, have been given until December 13 to suggest ways to address the concerns raised by the Competition and Markets Authority so that the regulator can approve the deal.
It is expected that the pair will propose selling pubs to assuage the watchdog’s worries. The acquisition will face an in-depth investigation if their plan does not satisfy the regulator.
A tie-up between Stonegate, which is behind the Walkabout bar chain, and Ei would create Britain’s biggest pubs company.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI