OFT guidance on unimportant mergers

Revision (12 pages, PDF) to OFT guidance on its assessment of mergers, extending the interpretation given to the statutory phrase "markets of insufficient importance". This sets a threshold of £10 million annual turnover below which mergers are considered likely to be exempt from the duty to make a reference to the Competition Commission, even if they may substantially lessen competition.

For further information or advice please contact Franck Latrémolière.

Filed under Guidance, Merger control, OFT.

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