Ritchie Bros Auctioneers Incorporated / Euro Auctions Group merger inquiry
The CMA has investigated the anticipated acquisition by Ritchie Bros. Auctioneers Incorporated of Euro Auctions Group.
Phase 2
Administrative Timetable
Date of Reference: 18 March 2022
Statutory deadline: 22 September 2022
Merger reference cancelled
3 May 2022: The CMA has cancelled its merger inquiry into the anticipated acquisition by Ritchie Bros. Auctioneers Incorporated of Euro Auctions Group.
- (3.5.22)
- Press release: CMA cancels investigation after Ritchie Bros and Euro Auctions abandon merger (3.5.22)
Notices
- (3.5.22)
Contact
ritchie.euroauctions@cma.gov.uk
Inquiry group appointed
18 March 2022: The CMA has appointed the inquiry group:
Margot Daly (Chair), Robin Foster, Sheila McClelland and Stephen Rose.
Terms of reference
18 March 2022: The CMA has referred the anticipated acquisition by Ritchie Bros. Auctioneers Incorporated of Euro Auctions Group for an in-depth investigation.
- (18.3.22)
Phase 1
Statutory timetable
| Date | Action |
|---|---|
| 4 March 2022 | Decision announced |
| 7 January 2022 | Launch of merger inquiry |
| 13 December to 4 January 2022 | Invitation to comment |
Reference decision
18 March 2022: The CMA has referred the anticipated acquisition by Ritchie Bros. Auctioneers Incorporated of Euro Auctions Group for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
- (11.8.22)
Reference unless undertakings accepted
4 March 2022: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for an in-depth investigation unless Ritchie Bros. Auctioneers Incorporated offers acceptable undertakings to address these competition concerns.
- (14.4.22)
- (4.3.22)
- Press release: Ritchie Bros and Euro Auctions deal referred for an in-depth investigation (18.3.22)
Launch of merger inquiry
7 January 2022: The CMA announced the launch of its merger inquiry by notice to the parties.
- (7.1.22)
Invitation to comment: closed
13 December 2021: The 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: general.enquiries@cma.gov.uk
Updates to this page
Last updated 11 August 2022 + show all updates
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Full text of reference decision published.
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Notice of extension and notice of cancellation of merger reference published.
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Full text decision published
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Phase 2 Terms of reference published and inquiry group appointed.
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Summary of Phase 1 decision published.
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Launch of merger inquiry published.
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First published.