Proposed acquisition of vehicle lighting firm under investigation
The proposed acquisition of a Leeds-based vehicle lighting business is being investigated to discover if the deal will result in “substantial lessening of competition” within the UK.
Last month, German lighting group Osram agreed to acquire Ring Automotive from Rubicon Partners.
The Competition and Markets Authority (CMA), however, has now launched an investigation into the deal.
In a statement, the CMA said it “is considering whether it is or may be the case that this transaction, if carried into effect, will result ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...