MFG’s acquisition of MRH has now cleared all its regulatory hurdles after the Competition and Markets Authority (CMA) announced it would accept undertakings by MFG to dispose of 38 sites.
Last month the CMA revealed the 38 sites MFG had offered to sell to avoid a detailed investigation into its takeover of MFG.
They were published in a notice from the CMA which detailed for the first time the undertakings MFG has offered to remedy its concerns.
The CMA revealed the local areas where it believed competition could be affected because of “overlaps” between MFG and MRH sites, and it listed the sites MFG is willing to sell (see table below).
MFG will be expected to either sell the freehold of the sites, or subject to the CMA’s approval and with further competition safeguards, it may lease them.
In its assessment of the undertakings by MFG, the CMA also revealed that MFG had provided evidence that there were several potential suitable purchasers for all the sites.
Area Divestment Site(s)