TGS/PGS UK merger inquiry
The CMA investigated and cleared the anticipated acquisition by TGS ASA (TGS) of PGS ASA (PGS).
Statutory timetable
Phase 1
| Phase 1 | Action |
|---|---|
| 9 July | Decision published |
| 11 June 2024 | Decision announced |
| 11 June 2024 | Deadline for phase 1 decision |
| 12 April 2024 | Launch of merger inquiry |
| 12 April 2024 to 26 April 2024 | Invitation to comment |
CMA clearance decision
11 June 2024: The CMA has cleared the anticipated acquisition by TGS ASA of PGS ASA.
- (9.7.24)
Launch of merger inquiry
12 April 2024: The CMA announced the launch of its merger inquiry by notice to the Parties.
- (12.4.24)
Invitation to comment: closed
12 April 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.
To assist it with this assessment, the CMA invites comments on the merger 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:
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
Published 12 April 2024Last updated 9 July 2024 + show all updates
-
Full text decision published, case closed.
-
Phase 1 decision announced.
-
First published.