The CMA investigation into CVS’s acquisition of QPC has found that the merger raises competition concerns in 5 of the 8 local areas. Whilst this is viewed as “disappointing” by management, a sense of perspective needs to be kept given QPC’s revenue is 2% of that of the CVS Group. Significantly, there is nothing in today’s update to signal a wider review into cost of services. As a next step we expect CVS to address the CMA’s concerns by divesting of a number of sites, and hopefully this should d ....
18 Feb 2022
CMA investigation outcome – our view
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CMA investigation outcome – our view
CVS Group plc (CVSG:LON) | 954 104.9 1.2% | Mkt Cap: 684.2m
- Published:
18 Feb 2022 -
Author:
Sahill Shan -
Pages:
4
The CMA investigation into CVS’s acquisition of QPC has found that the merger raises competition concerns in 5 of the 8 local areas. Whilst this is viewed as “disappointing” by management, a sense of perspective needs to be kept given QPC’s revenue is 2% of that of the CVS Group. Significantly, there is nothing in today’s update to signal a wider review into cost of services. As a next step we expect CVS to address the CMA’s concerns by divesting of a number of sites, and hopefully this should d ....