India, Feb. 17 -- The Competition and Markets Authority or CMA in UK announced on Monday that the acquisition by Topps Tiles Plc (TPT.L) of certain assets of Tildist Realisations Ltd, formerly CTD Tiles Ltd., is expected to impact the competition levels in select UK markets. The CMA said that the merger would be referred to an in-depth, phase 2 investigation, unless all the parties involved provide an acceptable undertaking to solve the competition concerns by February 24.
In a statement, the CMA said that the acquisition raises realistic concerns of a substantial lessening of competition or SLC due to horizontal unilateral effects in the supply of tiles to retail customers and in supplying tiles to trade customers in four areas, namely, D...