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CICRA is to review the proposed merger between Sandpiper and JMart.
The registering of a formal application means that CICRA is now beginning its assessment of the proposed merger with an initial two-week consultation period for any interested parties to comment.
The application seeks the authority’s approval, without which the deal cannot proceed, for Sandpiper to acquire Spar (Channel Islands) Limited (operating in Jersey under the Costcutter brand) from JMart.
CICRA Chief Executive, Michael Byrne, said: “CICRA can now start its assessment of this application which will be conducted in accordance with its standard merger assessment process.”
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