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OFT accepts Inchcape's case

The OFT has decided to accept undertakings offered by Inchcape plc to address the competition concerns which arose from its takeover of European Motor Holdings.

The acquisition will now not be referred to the Competition Commission.

The transaction raised competition concerns in relation to the provision of servicing and repairs for new and nearly new Volkswagen cars in the Northern Welsh Marches. In lieu of reference to the Competition Commission, Inchcape has offered to sell a business, either Inchcape Oswestry or EMH Wrexham, in the area.

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