(Updates with background)
LONDON (Thomson Financial) - The UK's Office of Fair Trading has invited
comments on the acquisition of David Lloyd Leisure Ltd, DLL SA, David Lloyd
Leisure Espana I SL, David Lloyd Leisure Espana II SL and Next Generation Clubs
Holdings Ltd by HBOS PLC.
OFT also said it will consider whether such a merger will result in a
substantial lessening of competition within any market or markets in the UK for
goods or services that warrants reference to the Competition Commission for
investigation and report.
On June 4, London & Regional Properties and Bank of Scotland Corporate,
acting in partnership, acquired David Lloyd Leisure Ltd from Whitbread PLC for
925 mln stg in a highly competitive sale process for one of the UK's premiere
leisure assets.
The consortium planned to integrate the business with Next Generation Clubs
to create the leading racquets, health and fitness club group in the UK.
Bank of Scotland Corporate is a part of HBOS.
TFN.newsdesk@thomson.com
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