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Proposed Acquisition by Times Publishing Limited of Penguin Random House Pte. Ltd. and Penguin Books Malaysia Sdn. Bhd.
2 October 2017
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Competition Law Case | |
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Parties Involved |
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Focus of Commitments/ Remedies | To address concerns arising from the merger that the merged entity may foreclose competition at the retail level by discriminating or restricting supply to third party retailers. * Please direct any complaint in relation to non-compliance of the commitments to the appointed Monitoring Trustee, Evelyn Partners LLP (formerly known as Smith & Williamson LLP), via nasoul.gopal@evelyn.com and michel.alexander@evelyn.com |
Start Date of Commitments/ Remedies | 2 October 2017 |
End Date of Commitments/ Remedies | The commitments will apply during the term of the exclusive distribution agreement by the Penguin Group Companies with the four Penguin publishers up to a period of 12 years from 2 October 2017. |