CMA orders Ardonagh to keep Bennetts separate as deal completes
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
The Competition and Markets Authority (CMA) has published an initial enforcement order as part of its investigation into Ardonagh Group’s deal to buy specialist motorcycle broker Bennetts.
Ardonagh confirmed it had completed the deal, which was first flagged in February, on 7 August after it received the necessary approvals from the Financial Conduct Authority.
The order from the CMA requires Ardonagh to keep Bennetts separate from the rest of the business until the investigation is completed
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