Competition watchdog examines SSF’s Grieg Shetland acquisition
The UK Government’s Competition and Markets Authority (CMA) today launched an inquiry into Scottish Sea Farms’ proposed £164 million purchase of Grieg Seafood’s Shetland and Skye salmon farming operation, Grieg Seafood Hjaltland UK Ltd.
The Authority must deliver its decision by a statutory deadline of December 15 but that doesn’t guarantee SSF will get a decision by then as the deadline of a given case may change during the merger assessment process due to different reasons.
“The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services,” stated the CMA on the UK Government website.
To assist with the assessment, the CMA is inviting comments on the deal from any interested party. These must be submitted by November 3.
