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Bouygues and Equans Merger Accepted by CMA

Bouygues and Equans Merger Accepted by CMA
27 September 2022
 

The Competition and Markets Authority has confirmed that it will not refer the merger of Bouygues and EQUANS to a Phase 2 review.

The competition regulator has been investigating the deal after concerns were raised when both businesses offered services to supply HS2 with Overhead Catenary Systems (OCS) as part of a competitive tender. The tender concerned EQUANS subsidiaries SPL Powerlines UK Limited and INEO (acting together as Rapide JV) and Bouygues-owned Colas Rail.

The Competition and Markets Authority (CMA) felt that this may constitute a reduction in competition, potentially resulting in a higher-cost final contract.

In August 2022, both companies submitted proposals to “remedy competition concerns”.  These proposals, including the appointment of an independent third-party assessor, have been accepted by CMA.

For more context on this story, you can read more at the links below:

 

 

Picture: a photograph of piles of paperwork. Image Credit: Unsplash

Article written by Ella Tansley | Published 27 September 2022

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