Tag: CMA
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Competition watchdog secures £100m from housebuilders following probe
The Competition and Markets Authority (CMA) has accepted binding commitments from seven major UK housebuilders, bringing an end to an investigation into suspected collusion in the housing market. The companies – Barratt Redrow, Bellway, Berkeley, Bloor, Persimmon, Taylor Wimpey and Vistry – have collectively agreed to pay £100m to support affordable housing programmes across the…
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UK competition watchdog clears Kingspan’s acquisition of Coverworld
The Competition and Markets Authority (CMA) has approved the anticipated acquisition by Kingspan Group of steel cladding supplier Coverworld. The UK watchdog launched a merger inquiry at the beginning of July to investigate the transaction and called for comments on the potential impact to competitors. Today (7 August), the CMA published its decision clearing the…
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CMA closes probe into suspected concrete admixtures cartel
The Competition and Markets Authority has dropped an investigation into suspected conduct relating to the supply of chemical admixtures and additives for use in concrete, cement and related construction products in the UK. The competition watchdog’s statement said that it closed the probe “on the grounds that [it] no longer constitutes an administrative priority”. It…
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Competition watchdog extends investigation into housebuilders
The Competition and Markets Authority (CMA) is extending its ongoing investigation into suspected breaches of competition law by seven major housebuilders. The CMA launched a probe last February following concerns that the companies may have exchanged competitively sensitive information with other housebuilders, which could be influencing the build-out of sites and the prices of new…