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The UK Competition & Markets Authority said Friday that it could clear veterinary services firm CVS Group PLC's acquisition of Quality Pet Care Ltd following undertakings offered by the Norfolk-based veterinary services provider.
The undertakings offered by CVS includes the divestment of the entire The Vet business.
The UK watchdog now has until May 4 to decide on whether it will accept the undertakings, but has the option to extend its timeframe to July 1 should there be exceptional reasons for doing so.
In August, CVS announced its acquisition of Quality Pet Care, which trades as The Vet for £20.4 million. However in September, the UK CMA had opened an investigation into the deal, and in February had judged that the acquisition would reduce competition in Bristol, Nottingham, Portsmouth, Southampton and Warrington.
Shares in CVS were down 3.7% at 1,648.80 pence on Friday in London.
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