A PYMNTS Company

UK: CMA launches inquiry into Global’s Exterion deal

By  |  February 21, 2019

The competition authority has launched an in-depth investigation into Global’s deal to buy the out-of-home media owner Exterion Media.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Competition & Markets Authority informed the two companies of the “launch of its merger inquiry” on Tuesday. It has invited interested third parties to make a formal comment on the deal before 6 March and expects to make its initial decision by 16 April.

    It is understood that the CMA spoke to a wide range of industry figures and companies before launching the investigation, including the out-of-home specialist agencies Kinetic, Talon Outdoor and Posterscope.

    The CMA will consider whether the deal has created a “relevant merger situation” under the Enterprise Act 2002 and whether that situation has or could result in a “substantial lessening of competition within any market or markets in the UK for goods and services”.

    Full Content: Campaign Live & The Drum

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.