
Canadian company Dye & Durham has been told by the United Kingdom’s Competition and Markets Authority that for competition reasons it must sell Swindon-based TM Group which it acquired in July last year.
The CMA has found that Dye & Durham’s acquisition of TM would substantially lessen competition in the supply of property search report bundles in England and Wales.
Dye & Durham has strongly disagreed with the CMA’s decision and “continues to believe that the acquisition of TMG would be beneficial for the search report market and its customers,” adding that it may appeal the decision.
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