CMA confirms pork pies merger referral

CMA confirms pork pies merger referral

The CMA has referred Pork Farms Caspian Limited’s completed acquisition of Kerry Foods’ chilled savoury pastry business for an in-depth phase 2 investigation.

The Competition and Markets Authority (CMA) announced on 17th December 2014 that it would refer the merger for a full investigation unless Pork Farms offered acceptable undertakings to address the CMA’s competition concerns. This follows concerns that it may lead to higher prices or a reduction in choice or quality for consumers of these chilled savoury pastry products.

As Pork Farms has not offered any undertakings, the CMA will now start an in-depth merger investigation. The CMA must publish its final decision by 21st June 2015.

A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff.

All information relating to the investigation is available on the case page.

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