40 Mergers and acquisitions
Subsidy Control Act 2022 (2022 c 23) | Legislation

General

40  Mergers and acquisitions

(1)     Subsection (2) applies where—

(a)     all or part of the undertaking, property and liabilities of an enterprise (enterprise A) are transferred to another existing enterprise (enterprise B), and

(b)     minimal or SPEI financial assistance was given to enterprise A before the transfer.

(2)     In determining whether a relevant threshold is exceeded in respect of enterprise B—

(a)     in a case where all of the undertaking, property and liabilities of enterprise A is transferred, any minimal or SPEI financial assistance given to enterprise A before the transfer is to be treated, on and after the transfer, as if given to enterprise

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