February 6, 2002
Question written on 06/02/2002
To ask the Secretary of State for Trade and Industry what the remit is of the Competition Commission with respect to considering the need for firms to compete globally when investigating merger and acquisition activity in the UK.
Answered by Melanie Johnson
When conducting an inquiry into a merger, the Commission is required to determine whether the creation of a merger situation operates, or may be expected to operate, against the public interest. In conducting its inquiry into the public interest effects of the merger the Commission considers all matters which appear to it to be relevant.