4th May 2018 12:17
LONDON (Alliance News) - The UK Competition & Markets Authority said Friday it has served an initial enforcement order on the acquisition of a unit of TNT UK Ltd by office services provider Restore PLC.
In late March, Restore acquired the the records management business of FedEx Corp-owned TNT UK - TNT Business Solutions - for GBP88.0 million.
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The CMA - a monopoly regulator - issued the initial enforcement order meaning it is looking to review the acquisition and its effects on competition after completion, pausing further integration of the businesses.
Shares in Restore were trading marginally lower at 570.00 pence.
Related Shares:
Restore