Thorntons, which is in the process of acquiring City Bin Co, also recently wrote to customers, informing them of a €2 increase to the price of their monthly collection service.
Adding its more than 80,000 customers to City Bin Co’s 50,000 would establish Thorntons as the second-largest waste collection company in the State, behind only Panda and Greenstar owner Beauparc. The CCPC is required to review the proposed transaction to determine whether it would lead to a substantial lessening of competition in the market, with potential negative effects for consumers.
A spokesperson for the commission declined to comment on the reasons behind the proposal’s withdrawal. However, it is understood that parties to a transaction may withdraw the notification if the CCPC deems that full details have not been provided as part of the process. Asked whether customers should be concerned that the merger will give them fewer options to shop around after the two companies separately announced price increases, he said: “We firmly believe that, if approved, the merged entity will do exactly the opposite – it will be able to provide a wider variety of services, at lower costs, to more customers.”
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