17th Oct 2008 11:00
Anticipated acquisition by Lloyds TSB plc of HBOS plc - public interest consideration
On 25 September 2008, the Office of Fair Trading issued an invitation to comment on the public interest consideration specified in the Secretary of State's Intervention Notice, 'the stability of the UK financial system', in the anticipated acquisition by Lloyds TSB plc of HBOS plc. In light of the rapidly changing conditions in the financial markets, and in consultation with the Secretary of State, the OFT has extended its deadline for receiving representations on the public interest consideration until Thursday 23 October 2008.
The Office of Fair Trading is required to complete its competition investigation and make its report to the Secretary of State in accordance with section 44 of the Enterprise Act 2002 within the period ending on 24 October 2008. As part of its report, the Office of Fair Trading is required to summarise any representations it receives which relate to the public interest consideration.
Affected sector: financial services
Date for any representations about the specified public interest consideration to be received by the OFT: 23 October 2008
Case officer name: Lucília Falsarella Pereira
Tel no: 020 7211 8252
E-mail: [email protected]
Related Shares:
Lloyds