News

Bennetts must be ‘held separate’ from Ardonagh pending probe outcome, competition authority rules

2020-08-10T20:21:00

Motorbike Rider

Ardonagh originally revealed its intention to buy the motorbike broker back in February

The Competition & Markets Authority (CMA) has issued Ardonagh with a ‘hold separate’ order while it completes its phase 1 investigation into the purchase of motorbike broker Bennetts.

This means Ardonagh will not be able to integrate the Bennetts business until at least September, when the first phase of the investigation is due to complete.

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