Monopolies and Mergers (Hansard, 15 March 1995)

HC Deb 15 March 1995 vol 256 c569W 569W

§ Mr. David Evans
To ask the President of the Board of Trade what powers he or the Director General of Fair Trading have to require divestment.

§ Mr. Jonathan Evans
Under the Fair Trading Act 1973, my right hon. Friend the President of the Board of Trade has powers to require divestment to remedy adverse findings of reports by the Monopolies and Mergers Commission on monopoly or mergers situations. He can also require divestment where an undertaking to divest which has been accepted in lieu of a reference to the commission has not been fulfilled.