British competition authority has concerns over MFG-MRH deal
The Competition and Markets Authority (CMA) has raised concerns over Motor Fuel Group´s takeover of rival MRH.
After conducting an initial investigation into the takeover, the CMA has identified concerns at 29 locations in the UK where MFG and MRH are close competitors, and where the takeover could result in prices rising for local motorists.
The CMA found that competition provided by other major petrol retailers and supermarkets will ensure that the merger would not result in higher prices for motorists across the country as a whole.
MFG now has until 7 September to address the CMA’s competition concerns. If it is unable to do so, the merger will be referred for an in-depth investigation.
In February 2018, MFG acquired rival retailer MRH for £1.5 billion, creating a network of more than 900 petrol stations spread around the UK.
