COMP/MCCAA/11/2021: Abandonment of Proposed Acquisition by Lidl Immobiliare Malta Limited of property at Zabbar belonging to Said Investments Limited and leases belonging to Scotts Limited 

On the 30 September 2021, a notification of a proposed concentration between Lidl Immobiliare Malta Limited, Scotts Limited and Said Investments Limited, was deemed complete by the Office for Competition (hereinafter referred to as “the Office”).

On 10 November 2021, the Office decided to initiate proceedings for an in-depth investigation in accordance with regulation 6(1)(iii) of the Control of Concentrations Regulations (hereinafter referred to as “the regulations”).

Based on statements by the parties to the proposed concentration and evidence in the file, the concentration, as notified, was considered to have been abandoned for the purposes of the application of the regulations.

The parties involved are at liberty to file a new notification in the future with the Office. Any  proposed concentration under the regulations, can only be implemented should the Director General decide not to oppose it and consequently declare it to be a lawful concentration in terms of the provisions of the regulations.

The Office is publishing the above statement in accordance with article 19(2) of the Competition Act.