CMA wants Euro Car Parts to divest locations in 10 cities to satisfy competition concerns with its acquisition of Andrew Page. The Competition and Markets Authority (CMA) in the United Kingdom yesterday detailed concerns it has with LKQ Corporation subsidiary Euro Car Parts’ October 2016 acquisition of competitor Andrew Page. Both companies sell car parts […]
UK Competition Authority Launches In-Depth Investigation into LKQ Subsidiary Acquisition
The United Kingdom Competition and Markets Authority (CMA) announced today that it was launching an in-depth review of Euro Car Parts’ acquisition of Andrew Page. The possibility of the in-depth review was announced earlier this month by the CMA On May 11, the CMA announced that it would refer the deal for an in-depth investigation […]
UK Competition Authority Opens Inquiry into LKQ Subsidiary’s Merger with Andrew Page
The United Kingdom Competition and Markets Authority (CMA) has opened an inquiry in the acquisition of Andrew Page Limited, a distributor of automotive parts in the UK, by the LKQ Corporation (NASDAQ:LKQ) subsidiary Euro Car Parts. On Wednesday, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on ECP […]
LKQ Acquires UK Parts Distributor
LKQ Corporation (NASDAQ:LKQ) today announced that its United Kingdom subsidiary, Euro Car Parts, has acquired Andrew Page Limited, a distributor of automotive parts in the United Kingdom. As part of the transaction, Euro Car Parts acquired 102 Andrew Page branch locations, its national distribution center and corporate office. “We are pleased to acquire the Andrew […]