The State’s competition regulator is to carry out a detailed “phase two” investigation of the proposed takeover of Kings Laundry, the main supplier of linen to Irish hotels, by French-listed group Elis, which operates in the UK market via its Berensden operation.
The Competition and Consumer Protection Commission (CCPC) announced on Wednesday that it will accept submissions on the proposed deal until the end of Wednesday, January 29.
It decided to pursue a detailed investigation after carrying out a preliminary examination of the transaction, which would see the French-owned company take full control of the Kings Laundry operation, which has a staff of between 450 and 550, depending on the season.
Full Content: Irish Times
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