The Competition and Markets Authority of the UK has initiated an inquiry into the Key Group’s planned acquisition of RM Integris and RM Finance, as announced on Tuesday.
The regulator is currently evaluating if the transaction would result in a decrease in competition.
According to the statement, the deadline for the phase 1 decision is June 16.
RM announced on Nov. 28 that it had reached an agreement to sell RM Integris, RM Finance Business, and related assets of its main trading subsidiary RM Education for a maximum of 16 million pounds ($19.8 million) after conducting a business review.
