The CMA is investigating the completed acquisition by Copart, Inc. of Green Parts Specialist Holdings Ltd (Hills Motors)
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.
3 October 2022: The CMA announced the launch of its merger inquiry by notice to the parties.
Invitation to comment: closing 17 October 2022
Initial enforcement order
9 August 2022: The Competition and Markets Authority has served an initial enforcement order under section 72 (2) of the Enterprise Act 2002 on Copart, Inc., CPRT LLP, Copart UK Limited and Green Parts Specialist Holdings Ltd.
Source www.gov.uk


