Derwent Valley Holdings plc / London Merchant Securities plc

OFT closed case: Anticipated acquisition by Derwent Valley Holdings plc of London Merchant Securities plc

• From: Competition and Markets Authority
• Published: 21 December 2006

• Case type: Mergers
• Case state: Closed
• Market sector: Distribution and service industries
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 21 December 2006

Affected market: Commercial property rental

No. ME/2806/06

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition of London Merchant Securities plc by Derwent Valley Holdings plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

Published 21 December 2006