Mzuri Group Ltd / Shuttercraft Holdings Limited merger inquiry
The CMA is investigated the anticipated acquisition by Mzuri Group Ltd of Shuttercraft Holdings Limited.
Statutory timetable
| Phase 1 date | Action |
|---|---|
| 29 November 2022 | Deadline for phase 1 decision |
| 4 October 2022 | Launch of merger inquiry |
| 4 October 2022 to 18 October 2022 | Invitation to comment |
Phase 1
Merger abandoned
29 November 2022: Mzuri Group Limited (Mzuri) has abandoned its proposed acquisition of Shuttercraft Holdings Limited (Shuttercraft).
Mzuri agreed to purchase Shuttercraft in May 2022. The parties overlap in the wholesale supply of shutters in the UK.
The CMA’s deadline for its phase 1 decision was 29 November 2022. The parties had recently attended an issues meeting with the CMA at which the CMA had raised concerns about the merger (as set out in the CMA’s guidance, issues meetings are held in cases raising more complex or material competition issues). The CMA received assurances from Mzuri on 28 November 2022 that the proposed merger has been abandoned.
Therefore, the CMA has decided that it is not under a duty to refer the Merger as, pursuant to section 33(2)(b) of the Enterprise Act 2002, it believes that arrangements are not sufficiently far advanced, or are not sufficiently likely to proceed, to justify the making of a reference to phase 2.
Launch of merger inquiry
4 October 2022: The CMA announced the launch of its merger inquiry by notice to the parties.
- (4.10.22)
Invitation to comment: closed
04 October 2022: 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.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
These comments should be provided by the deadline set out above.
Contact
Please send written representations about any competition issues to:
Adnan Farook
Updates to this page
Last updated 29 November 2022 + show all updates
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Merger abandoned update.
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First published.