Macquarie Asset Management / Last Mile Infrastructure merger inquiry
The CMA is investigating the anticipated acquisition by Macquarie Asset Management of a jointly controlling interest in Last Mile Infrastructure (Holdings) Limited.
Statutory timetable
| Phase 1 | Action |
| 10 October 2024 | Decisions published |
| 16 September 2024 | Decisions announced |
| 19 July 2024 | Launch of merger inquiry |
| 19 July 2024 to 2 August 2024 | Invitation to comment |
Phase 1
CMA clearance decision
16 September 2024: The CMA has cleared the anticipated acquisition by Macquarie Asset Management of a jointly controlling interest in Last Mile Infrastructure (Holdings) Limited.
- (10.10.24)
- (10.10.24)
Launch of merger inquiry
19 July 2024: The CMA announced the launch of its merger inquiry by notice to the parties.
- (19.7.24)
Invitation to comment: Closed
19 July 2024: The Competition and Markets Authority (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.
In addition, the CMA is also 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 involving an energy network merger under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to cause substantial prejudice to the ability of Ofgem to make comparisons between energy network enterprises of the type involved in the energy network merger.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
Written representations about any competition issues or Ofgem’s ability to make comparisons between energy operators should be provided by the deadline set out above.
Contact
Please send written representations about any competition issues to general.enquiries@cma.gov.uk.
Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.
Updates to this page
Last updated 10 October 2024 + show all updates
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Full text decision, and full text decision on energy network regime published.
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Clearance decision announced.
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First published.