REG - Competition and Mkts - Merger Update: Constellation / ABVR Holdings
Reference to a Phase 2 investigation: Constellation Developments Limited / ABVR Holdings Limited
On 29 September 2025, the CMA decided that it was or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition (SLC) within a market or markets in the United Kingdom.
Pursuant to section 73A(1) of the Act, Constellation had until 6 October 2025 to offer an undertaking to the CMA that might be accepted by the CMA under section 73(2) of the Enterprise Act 2004 (the Act). On 6 October 2025, Constellation informed the CMA that it would not be offering any undertakings. The CMA has therefore decided to refer this Merger for a phase 2 investigation pursuant to sections 22(1) and 34ZA(2) of the Act.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END MERFIFVTIRLILIE
