21st Jun 2018 14:17
LONDON (Alliance News) - The UK Competition & Markets Authority said Thursday that it is currently considering whether Restore PLC's acquisition of certain assets of TNT UK Ltd will create a lessening of competition in the market.
In March, the office services provider said it was to buy TNT Business Solutions, the records management business of TNT UK Ltd, which is in turn owned by FedEx Corp, for GBP88.0 million on a cash and debt free basis.
The regulator has invited comments on the transaction from interested parties until July 5, and expects to come to a decision on August 16.
Shares in Restore were down 0.2% at 533.96 pence on Thursday.
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