Independent News & Media plc / Property News Ltd

OFT closed case: Completed acquisition by Independent Property News & Media plc of Property News Ltd and the business of the publication called Property News

• From: Competition and Markets Authority
• Published: 26 July 2006

• Case type: Mergers
• Case state: Closed
• Market sector: Communications
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 26 July 2006

Affected market: Property Advertising

No. ME/2440/06

On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition by Independent News & Media plc of Property News Ltd and the business of the publication called Property News 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 26 July 2006