Antitrust Watchdog Reports Record UK Merger Probes, Fines

By Irene Madongo (July 22, 2022, 3:54 PM BST) -- Britain's competition authority said it scrutinized a record 827 mergers in the financial year ending in March, a sharp increase from the approximately 600 it handled a year earlier, and handed out record fines of more than £400 million ($478 million) to firms for offenses.

The Competition and Market Authority said in its annual report that its work last year included opening 60 merger cases at phase 1 level. Some 55 of those files — those at the initial stages of the watchdog's probe into a merger — were concluded.

The CMA said Thursday that it cleared 34 mergers from the...

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