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Friday 22nd July 2011
25 July 2011
The Office of Fair Trading (OFT) has opened an enquiry into the Jones Lang LaSalle and King Sturge merger.
The OFT is investigating whether the merger between the commercial property consultants could lead to a substantial lessening of competition within any market for goods or services in the UK.
The merger between Jones Lang LaSalle and King Sturge was completed on 1 June 2011.
A statement released by Jones Lang LaSalle said: “In planning the merger, we thoroughly reviewed the likelihood of its raising any regulatory issues. We were, and remain, satisfied that it does not. However, the OFT is under a statutory duty to carry out this review and satisfy itself that it does not also.
”We are co-operating fully with the OFT to respond to its queries and, as we combine the two businesses, our priorities remain to provide excellent service to our clients and the integration of our people.”
The OFT invites comments from interested third parties – customers, suppliers and/or competitors. Written submissions about any competition or public interest issues are to be received by 3 August, with the final decision due to be completed by 13 September.
The OFT obtains and reviews information relating to merger situations and, where necessary, refers any relevant mergers to the Competition Commission for further investigation.
It also has advises the Secretary of State for Trade and Industry on mergers that might fall within the scope of the public interest or the special public interest provisions of the Enterprise Act 2002.
Other news for Monday 25th July 2011:
Apollo and Keepmoat in £1bn merger
OFT investigates JLL and King Sturge merger
FM 100 Poll: FMs content with their helpdesks
Lindley wins Wednesday catering deal
FM blog: Lessons from the NOTW and Wayne Rooney?
The Office of Fair Trading (OFT) has opened an enquiry into the Jones Lang LaSalle and King Sturge merger.
The OFT is investigating whether the merger between the commercial property consultants could lead to a substantial lessening of competition within any market for goods or services in the UK.
The merger between Jones Lang LaSalle and King Sturge was completed on 1 June 2011.
A statement released by Jones Lang LaSalle said: “In planning the merger, we thoroughly reviewed the likelihood of its raising any regulatory issues. We were, and remain, satisfied that it does not. However, the OFT is under a statutory duty to carry out this review and satisfy itself that it does not also.
”We are co-operating fully with the OFT to respond to its queries and, as we combine the two businesses, our priorities remain to provide excellent service to our clients and the integration of our people.”
The OFT invites comments from interested third parties – customers, suppliers and/or competitors. Written submissions about any competition or public interest issues are to be received by 3 August, with the final decision due to be completed by 13 September.
The OFT obtains and reviews information relating to merger situations and, where necessary, refers any relevant mergers to the Competition Commission for further investigation.
It also has advises the Secretary of State for Trade and Industry on mergers that might fall within the scope of the public interest or the special public interest provisions of the Enterprise Act 2002.
Other news for Monday 25th July 2011:
Apollo and Keepmoat in £1bn merger
OFT investigates JLL and King Sturge merger
FM 100 Poll: FMs content with their helpdesks
Lindley wins Wednesday catering deal
FM blog: Lessons from the NOTW and Wayne Rooney?