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UK Competition and Markets Authority to Refer Ritchie Bros.' Proposed Acquisition of Euro Auctions for Phase 2 Review
UK Competition and Markets Authority to Refer Ritchie Bros.' Proposed Acquisition of Euro...
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[{"type":"text","content":"\n \n \n \n UK Competition and Markets Authority to Refer Ritchie Bros.' Proposed Acquisition of Euro Auctions for Phase 2 Review\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 4, 2022\n \n /CNW/ -\n \n \n Ritchie Bros\n \n . Auctioneers\n \n (NYSE: RBA) and (TSX: RBA) (\"\n \n Ritchie Bros\n \n .\" or the \"Company\"), a leading global asset management, disposition, and services company today announced that the UK's Competition and Markets Authority intends to refer\n \n Ritchie Bros\n \n .' proposed acquisition of Euro Auctions to a Phase 2 review process.\n \n Ritchie Bros\n \n . continues to engage with the UK CMA and remains optimistic that the ultimate outcome of the UK CMA's review will be positive.\n \n \n \n \n About\n \n Ritchie Bros\n \n .:\n \n \n \n Established in 1958,\n \n Ritchie Bros\n \n . (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include:\n \n \n Ritchie Bros\n \n .\n \n \n \n Auctioneers\n \n \n , the world's largest industrial auctioneer offering live auction events with online bidding;\n \n IronPlanet,\n \n an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance\n \n ®\n \n equipment condition certification;\n \n Marketplace-E\n \n , a controlled marketplace offering multiple price and timing options;\n \n \n Ritchie List\n \n \n , a self-serve listing service for\n \n North America\n \n ;\n \n Mascus\n \n ,\n \n \n a leading European online equipment listing service;\n \n \n Ritchie Bros\n \n . Private Treaty,\n \n offering privately negotiated sales; and sector-specific solutions\n \n GovPlanet\n \n ,\n \n TruckPlanet,\n \n and\n \n Kruse Energy\n \n . The Company's suite of solutions also includes\n \n \n Ritchie Bros\n \n . Asset Solutio...