The Competition and Markets Authority is set to announce whether or not it will approve the Wiggle (Mapil Bidco ltd) purchase of Chain Reaction Cycles, with a ruling expected on June 30th.
The authority is currently looking into the landmark deal for the online cycle retail business, which includes the purchase of cycling distributors Hotlines Europe ltd and Decade Europe Ltd.
Those with a business interest in the merger have now been invited to comment by the CMA and have until May 18th to do so. The merging of the retail giants will, if approved, create a retailer with turnover in excess of £300 million.
Written representations on competition issues may be addressed here.