Following the publication of a draft report relating to the takeover of Andrew Page by Euro Car Parts, the Competition and Markets Authority (CMA) has received detailed responses by three motor factors. As expected ECP responded to the points raised in the report while the Parts Alliance and Motor Parts Direct also aired their views and discussed what requirements they might have for any branches that are being divested in documents published today (Weds, 11 October).
ECP agreed with the report’s conclusion, which stated that most of Andrew Page would have closed for good, had it not been for the takeover. However it disagreed with various parts of the report, including a paragraph about dealerships and specialist one-marque distributors, which the CMA acknowledges that it ‘entirely misstates ECP’s position with respect to competition from OEM and specialist suppliers’.
All the documents can be read here, under the cross-heading ‘Response hearing summaries’.
The deadline for the final report to be published is November 5.