Neopost's proposed buy of Ascom referred to UK CC by UK DTI
– The Department of Trade & Industry said Competition Minister Melanie Johnson has referred Neopost SA’s proposal to buy Ascom Holding AG to the Competition Commission, in accordance with advice from the Director General of Fair Trading.
Johnson said she was advised by DGFT that the acquisition may raise competition concerns in the market for postal franking machines in the UK, as the transaction would bring together the second and third largest market players in the UK.
The commission will report by April 17, the department added.
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