Last checked at 28 Jul 2017 10:00
Origin Enterprises plc
Update from CMA on Origin's agreement to acquire Bunn
28 July 2017
Origin Enterprises plc, the Agri-Services Group ('Origin' or the 'Group'), notes today's announcement by the Competition and Markets Authority ('CMA') in relation to its agreement to acquire the fertiliser activities and certain assets of Bunn Fertiliser Limited ('Bunn').
On 14 July 2017, the CMA announced that Origin's proposed acquisition of Bunn would face an in-depth investigation, unless Origin could address the CMA's concerns regarding competition in relation to the supply of fertilisers in the central / eastern region of Scotland.
Origin has proposed specific undertakings to address the CMA's concerns. The CMA have accepted in principle these undertakings.
Origin will provide a further update in due course.
ENDS
Enquiries:
Imelda Hurley +353 (0)1 563 4959
Company Secretary
Origin Enterprises plc
About Origin Enterprises plc
Origin Enterprises plc is a focused Agri-Services group providing specialist on-farm agronomy services and the supply of crop technologies and inputs. The Group has leading market positions in Ireland, the United Kingdom, Poland, Romania and Ukraine. Origin is listed on the ESM and AIM markets of the Irish and London Stock Exchanges.
ESM ticker symbol: OIZ
AIM ticker symbol: OGN
Website: www.originenterprises.com