For announcement of referral see DTI Press Notice P/2001/251
Octagon Motorsports Ltd/British Racing Drivers Club Ltd
Acquisition
Terms of Reference
Whereas it appears to the Secretary of State that it is or may be the
fact that a merger situation qualifying for investigation, as defined
in section 64(8) of the Fair Trading Act 1973 ("the Act"), has been created
in that:
-
- enterprises carried on by or under the control of The Interpublic
Group Inc. have, within the four months preceding the date of this
reference, ceased to be distinct from enterprises carried on by or
under the control of British Racing Drivers Club Limited (a body corporate
incorporated in the United Kingdom); and
- as a result, the condition specified in section 64(3) of the
Act prevails, or does so to a greater extent, with respect to the
supply in the United Kingdom of services for the provision of circuits
for motor racing and related activities.
Now, therefore, the Secretary of State, in exercise of his powers under
sections 64 and 69(2) of the Act, hereby refers to the Competition Commission
("the Commission"), for investigation and report within a period ending
on 6 August 2001, the following questions:
- whether a merger situation qualifying for investigation has been
created as a result of the matter described in paragraph (a) above; and
- if so, whether the creation of that situation operates, or may
be expected to operate, against the public interest
In relation to the questions in paragraphs (i) and (ii) above the Commission
shall exclude from consideration one of paragraphs (a) and (b) of section
64(1) of the Act if they find the other satisfied.
17 April 2001
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