Industrial Funds Ltd / Ashtenne Holdings plc

OFT closed case: Anticipated acquisition by Industrial Funds Ltd of Ashtenne Holdings plc.

• From: Competition and Markets Authority
• Published: 26 April 2005

• Case type: Mergers
• Case state: Closed
• Market sector: Distribution and service industries
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 26 April 2005

Affected market: Property

No. ME/1658/05

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition of Ashtenne Holdings plc by Industrial Funds Ltd 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 April 2005