DXGroup plc , an independent parcels, mail and logistics operator, announced on 5 July 2016 that the UK Competition and Markets Authority had initiated a review of the Company’s acquisition of the trade and assets of The Legal Post (Scotland) Limited and First Post Limited (together “the Transaction”) and that, accordingly, the CMA had served an Initial Enforcement Order under section 72(2) of the Enterprise Act 2002.
The CMA has confirmed that it is continuing to conduct its assessment of the Transaction and has not yet taken a decision as to whether the Transaction has or may be expected to result in a substantial lessening of competition. Nevertheless, based on the evidence it has received in its assessment of the Transaction to date, the CMA considers that it is appropriate to revoke the Initial Enforcement Order.
DX will now continue with the combination of the acquired trade and assets with the Company’s existing operations in Scotland so as to deliver the customer service enhancements and anticipated cost savings as planned.
