UK competition watchdog clears LKQ's deal to buy Uni-Select

Reuters · 09/15/2023 11:15
UK competition watchdog clears LKQ's deal to buy Uni-Select

- Britain's competition regulator on Friday cleared auto parts provider LKQ Corp's LKQ.O C$2.8 billion ($2.07 billion) deal to buy Canada's Uni-Select, after it accepted certain undertakings offered by LKQ to address competition concerns.

"The merger between LKQ and Uni-Select will therefore be referred to Phase 2," the Competition and Markets Authority said.


($1 = 1.3517 Canadian dollars)


(Reporting by Radhika Anilkumar in Bengaluru)

((Radhika.Anilkumar@thomsonreuters.com))