OFT invites comments on HBOS / Lloyds TSB

OFT invitation (2 paragraphs) to comment on the proposed merger of HBOS with Lloyds TSB.

The ground for the Government's proposed intervention (subject to parliamentary approval) in the merger control process is formulated as “the stability of the UK financial system”.

Responses invited by Wednesday 8 October 2008. The OFT has been asked to report to ministers by Friday 24 October 2008.

Trivia: The OFT notice links to the Government announcement dated 9 am 18 September 2008 that it intends to intervene (see report and Franck's comment). This notice has in the right sidebar a link to the ministerial intervention notice (1 page, 6.1M PDF) dated 18 September 2008. There was no such link on that web page at 1:11 pm on 18 September 2008. The PDF of the intervention notice was apparently made at 3:23 pm on 18 September 2008 (by someone who did not have much of a clue about scanner settings, given the size of the file).

For further information or advice please contact Franck Latrémolière.

Filed under DTI/BERR, Merger control, OFT.

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