Peninsula / Croner merger inquiry

The CMA investigated the completed acquisition by Peninsula Business Services Group Limited of Croner Group Limited.

• From: Competition and Markets Authority
• Published: 26 February 2016
• Last updated: 10 June 2016 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 5 February 2016
• Closed: 10 June 2016

Statutory timetable

Phase 1 date	Action
10 June 2016	Decision published
9 May 2016	Decision announced
11 March to 29 March 2016	Invitation to comment
11 March 2016	Launch of merger inquiry
5 February 2016	Initial enforcement order

Phase 1

CMA clearance decision

9 May 2016: The CMA has cleared the completed acquisition by Peninsula Business Services Group Limited of Croner Group Limited. The full text of the decision is available below.

• Full text decision (10.6.16)

Invitation to comment: Now closed

11 March 2016: The CMA is considering whether it is or may be the case that this transaction has resulted 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 has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

11 March 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (11.3.16)

Initial enforcement order

4 February 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Rainy City Investments Limited and Peninsula Business Services Group Limited (Peninsula) in relation to the completed acquisition by Peninsula of Croner Group Limited.

• Initial enforcement order (5.2.16)

Amendments/consents granted:

• Derogation 25 April 2016 (16.5.16)
• Derogation 24 March 2016 (4.4.16)
• Derogation 26 February 2016 (26.2.16)

Contact

Please send written representations about any competition or public interest to:

Maxwell Harris
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

maxwell.harris@cma.gsi.gov.uk

Published 26 February 2016
Last updated 10 June 2016 + show all updates

1. 10 June 2016

   Full text of the decision published.

2. 16 May 2016

   Derogation published.

3. 9 May 2016

   Clearance decision announced.

4. 4 April 2016

   Derogation published.

5. 11 March 2016

   Launch of merger inquiry and invitation to comment issued.

6. 26 February 2016

   Derogation published.