Clifford Chance

CMA clears acquisition of sugar business

17 December 2024

In this update, Jordan Bernstein explores the CMA’s recent clearance of the acquisition of Tereos’ business in the UK and Ireland, where it accepted the ‘failing firm’ defence. In so doing, the CMA reaffirmed guidance on when it would be minded to accept such analysis in mergers which might otherwise leave only a small number of competitors.

This article was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ in the European Competition Law Review as "CMA clears acquisition of sugar business" in (2024) 45 E.C.L.R., Issue 12 pages N-280-N282 and is reproduced by agreement with the publishers.

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