The Public Interest Merger Reference (Telegraph Media Group Limited) (Pre-emptive Action) Order 2024
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Title and introductory text
2024 No. 103 Competition The Public Interest Merger Reference (Telegraph Media Group Limited) (Pre-emptive Action) Order 2024 Made 8.30 a.m. on 30th January 2024 Coming into force 11.00 a.m. on 30th January 2024 Laid before Parliament 4.00 p.m. on 30th January 2024 The Secretary of State has reasonable grounds for suspecting that it is or may be the case that as a result of the proposed acquisition of Telegraph Media Group Limited by RedBird IMI Media Joint Venture LLC, arrangements are in progress or in contemplation which, if carried into effect, will result in two or more enterprises ceasing to be distinct. An intervention notice in respect of the relevant merger situation concerned, given by the Secretary of State on 30th November 2023 under section 42 of the Enterprise Act 2002, is in force. The Secretary of State also has reasonable grounds for suspecting that it is or may be the case that as a result of the proposed acquisition of Telegraph Media Group Limited, Telegraph Media Group Holdings Limited or the business or assets (including any shares in subsidiary undertakings) of Telegraph Media Group Limited or Telegraph Media Group Holdings Limited by RB Investco Limited, including by any of its parent undertakings, subsidiary undertakings or interconnected undertakings (including RB IMI AIV Limited Partnership) or any of its assignees, transferees or successors in title, arrangements are in progress or in contemplation which, if carried into effect, will result in two or more enterprises ceasing to be distinct. An intervention notice in respect of this relevant merger situation, given by the Secretary of State on 26th January 2024 under section 42 of the Enterprise Act 2002, is also in force. In the opinion of the Secretary of State, the exercise of the powers as set out in this Order is required for the purpose of preventing action which might prejudice a reference of either matter to the Competition and Markets Authority under section 45 of the Enterprise Act 2002 or impede the taking of any action under Part 3 of that Act which may be justified by the Secretary of State’s decisions on either reference. The Secretary of State, for the purpose of preventing pre-emptive action, in exercise of the powers conferred by section 124(2)(b) of, and paragraph 2(2) of Schedule 7 to, the Enterprise Act 2002, makes the following Order:
Title and introductory text
2024 No. 103 Competition The Public Interest Merger Reference (Telegraph Media Group Limited) (Pre-emptive Action) Order 2024 Made 8.30 a.m. on 30th January 2024 Coming into force 11.00 a.m. on 30th January 2024 Laid before Parliament 4.00 p.m. on 30th January 2024 The Secretary of State has reasonable grounds for suspecting that it is or may be the case that as a result of the proposed acquisition of Telegraph Media Group Limited by RedBird IMI Media Joint Venture LLC, arrangements are in progress or in contemplation which, if carried into effect, will result in two or more enterprises ceasing to be distinct. An intervention notice in respect of the relevant merger situation concerned, given by the Secretary of State on 30th November 2023 under section 42 of the Enterprise Act 2002, is in force. The Secretary of State also has reasonable grounds for suspecting that it is or may be the case that as a result of the proposed acquisition of Telegraph Media Group Limited, Telegraph Media Group Holdings Limited or the business or assets (including any shares in subsidiary undertakings) of Telegraph Media Group Limited or Telegraph Media Group Holdings Limited by RB Investco Limited, including by any of its parent undertakings, subsidiary undertakings or interconnected undertakings (including RB IMI AIV Limited Partnership) or any of its assignees, transferees or successors in title, arrangements are in progress or in contemplation which, if carried into effect, will result in two or more enterprises ceasing to be distinct. An intervention notice in respect of this relevant merger situation, given by the Secretary of State on 26th January 2024 under section 42 of the Enterprise Act 2002, is also in force. In the opinion of the Secretary of State, the exercise of the powers as set out in this Order is required for the purpose of preventing action which might prejudice a reference of either matter to the Competition and Markets Authority under section 45 of the Enterprise Act 2002 or impede the taking of any action under Part 3 of that Act which may be justified by the Secretary of State’s decisions on either reference. The Secretary of State, for the purpose of preventing pre-emptive action, in exercise of the powers conferred by section 124(2)(b) of, and paragraph 2(2) of Schedule 7 to, the Enterprise Act 2002, makes the following Order:
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