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UK mergers and EU State aid weekly: CMA Phase 2 referrals (Lindab/HAS-Vent; Pennon/SES), General Court judgments (Condor; Spanish ship scheme), TCTF prolongation, plus LexisNexis updates

Published on: 09 May 2024

Published by a LexisNexis Competition expert
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  • UK mergers
  • EU state aid
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  • Daily and weekly news alerts
  • New and updated content
  • Caselex

UK mergers

Lindab/HAS-Vent merger referred to phase 2

The CMA has referred to phase 2 the completed acquisition of HAS-Vent Holdings Limited (HAS-Vent) by Lindab International AB (Lindab), following Lindab’s decision not to offer undertakings in lieu. Lindab, a ventilation business based in Sweden and listed on the Nasdaq Stockholm exchange, operates in the UK mainly through Lindab UK and Ductmann Limited. Both produce and supply ventilation system products, including ducts and fittings. Lindab has 21 branches across England and Wales. HAS-Vent, a UK firm headquartered in Wombourne, likewise manufactures and distributes ventilation system products, including ducts and fittings, in England and Wales, and runs 10 branches. On 26 April 2024, the CMA announced that the deal satisfied the test for reference to a phase 2 investigation...

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