Berendsen confirms probe by CMA

Berendsen has confirmed that its UK Cleanroom business is under investigation by the Competition and Markets Authority.

The investigation relates to a joint venture to which a Berendsen subsidiary was a party, including in relation to agreements entered into by the joint venture in May 2012.

The subsidiary was acquired by Berendsen in September 2014. The joint venture and the agreements were terminated in February 2016.

The investigation involves only the UK Cleanroom business; no other Berendsen business lines and/or geographies are included in this investigation. Berendsen is co-operating fully with the CMA and will update the market on the development of the investigation as appropriate.

The UK Cleanroom business had turnover of approximately £7 million in 2015, representing less than 1% of the group’s revenue.

Story provided by StockMarketWire.com

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