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Investing.com -- Primary Health Properties (LON:PHP) has suspended its integration with Assura (LON:ASUR) following an order from the UK’s Competition and Markets Authority (CMA), according to a statement.
The regulatory body served an initial enforcement order on Friday, with the full order published Monday.
The order prevents the companies from proceeding with their integration while the CMA conducts a review of the transaction.
Under the terms of the enforcement order, both Primary Health Properties and Assura must actively keep the CMA informed of any material developments relating to their respective businesses throughout the review period.
The companies will need to maintain separate operations until the competition authority completes its assessment and makes a final determination on the proposed combination.
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