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Britain's competition watchdog plans to examine JD Sports-Footasylum deal

By
Reuters
Published
today May 17, 2019
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Britain’s competition watchdog said on Friday it was planning to review if JD Sports Fashion Plc’s acquisition of smaller rival Footasylum “substantially” reduced competition in the sector.


Image: Footasylum



The Competition and Markets Authority served an initial enforcement order in relation to the deal, which was announced in March and valued Footasylum at up to 90 million pounds ($119.6 million).

Initial enforcement orders are put in place to prevent businesses from integrating after a possible merger while the watchdog decides if it needs to launch an investigation.

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