Scrap metal recycling merger's in-depth probe to focus on price, service quality, supply reduction

( March 14, 2018, 09:59 GMT | Official Statement) -- MLex Summary: European Metal Recycling’s purchase of rival Metal & Waste Recycling could result in a substantial lessening of competition, the UK's competition watchdog said in a report that sets out the scope of an in-depth probe of the deal. The Competition and Markets Authority said the nature of the scrap metal industry means that recyclers may be each other’s competitors, suppliers and customers. The merger could therefore lead to worsening prices and service quality, a reduction in the supply of shredding services in certain areas and a reduction in the supply of ferrous and non-ferrous process scrap metal in the UK. The CMA has invited submissions to aid the second phase of its probe.Full statement is attached ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.

Know what others in the room don’t, with features including:

Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Scrap metal recycling merger's in-depth probe to focus on price, service quality, supply reduction

Prepare for tomorrow’s regulatory change, today

Documents

Related Sections