GE Real Estate / Benchmark Group plc

OFT closed case: Anticipated acquisition by GE Real Estate of Benchmark Group plc.

• From: Competition and Markets Authority
• Published: 30 June 2004

• Case type: Mergers
• Case state: Closed
• Market sector: Building and construction
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 30 June 2004

Affected market: Real estate development

No. ME/1075/04

On the basis of the information available to it, the Office of Fair Trading has decided that the proposed acquisition of Benchmark Group plc by GE Real Estate 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 30 June 2004