CC to Decide on Rank/Gala Merger
The Competition Commission (CC) has published an issues statement as part of its investigation into the anticipated acquisition by the Rank Group PLC (Rank) of Gala Casinos Limited (Gala).
The Office of Fair Trading (OFT) referred the case in August, and the CC will decide whether the acquisition may be expected to result in a substantial lessening of competition in any market or markets for goods or services in the UK.
Rank and Gala are two of the three large national casino operators in the UK. Following the merger, there would be only two large national casino operators, Rank and Genting.
The CC is expected to publish its final report by 20 February 2012.
The issues statement identifies clearly for all interested parties the key questions which the inquiry is examining. The issues statement does not imply that the Inquiry Group has yet identified any competition concerns.