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UK: Regulator investigates Kings Laundry takeover

By  |  January 10, 2019

The State’s competition regulator is to carry out a detailed “phase two” investigation of the proposed takeover of Kings Laundry, the main supplier of linen to Irish hotels, by French-listed group Elis, which operates in the UK market via its Berensden operation.

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    The Competition and Consumer Protection Commission (CCPC) announced on Wednesday that it will accept submissions on the proposed deal until the end of Wednesday, January 29.

    It decided to pursue a detailed investigation after carrying out a preliminary examination of the transaction, which would see the French-owned company take full control of the Kings Laundry operation, which has a staff of between 450 and 550, depending on the season.

    Full Content: Irish Times

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