Origin Enterprises Plc CMA update on Origin's agreement to acquire Bunn (4005M)
28 July 2017 - 7:00PM
UK Regulatory
TIDMOGN
RNS Number : 4005M
Origin Enterprises Plc
28 July 2017
Origin Enterprises plc
Update from CMA on Origin's agreement to acquire Bunn
28 July 2017
Origin Enterprises plc, the Agri-Services Group ('Origin' or the
'Group'), notes today's announcement by the Competition and Markets
Authority ('CMA') in relation to its agreement to acquire the
fertiliser activities and certain assets of Bunn Fertiliser Limited
('Bunn').
On 14 July 2017, the CMA announced that Origin's proposed
acquisition of Bunn would face an in-depth investigation, unless
Origin could address the CMA's concerns regarding competition in
relation to the supply of fertilisers in the central / eastern
region of Scotland.
Origin has proposed specific undertakings to address the CMA's
concerns. The CMA have accepted in principle these
undertakings.
Origin will provide a further update in due course.
ENDS
Enquiries:
Imelda Hurley +353 (0)1 563 4959
Company Secretary
Origin Enterprises plc
About Origin Enterprises plc
Origin Enterprises plc is a focused Agri-Services group
providing specialist on-farm agronomy services and the supply of
crop technologies and inputs. The Group has leading market
positions in Ireland, the United Kingdom, Poland, Romania and
Ukraine. Origin is listed on the ESM and AIM markets of the Irish
and London Stock Exchanges.
ESM ticker symbol: OIZ
AIM ticker symbol: OGN
Website: www.originenterprises.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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