The UK Competition and Markets Authority (CMA) has now launched its public consultation on the formal proposals made by John Wood Group and Amec Foster Wheeler to remedy the CMA’s conclusion that their planned merger would cause substantial competition concerns. As we highlighted in our legal update yesterday, Amec intends to divest its upstream offshore oil and gas business and onshore pipeline business in the UK, which the CMA currently considers “as comprehensive a solution to these concerns as is reasonable and practicable”. Before reaching a decision on whether or not to accept the proposed undertakings, the CMA is seeking views in writing from any interested parties, and the deadline for responding to the consultation is 4 September 2017.
If you would like assistance in responding to the CMA’s consultation, want to discuss how merger control might affect a deal you are considering, or want to explore the possibility of acquiring Amec’s divested business, please get in touch with one of our competition partners Charles Livingstone and Rod Lambert, or our Head of Energy & Infrastructure Clare Munro.
On August 18, 2017