(Reuters) – UK’s competition regulator on Thursday launched a probe into auto parts provider LKQ Corp’s C$2.8 billion ($2.10 billion) deal to buy Uni-Select Inc.
The Competition and Markets Authority (CMA) has set a deadline of Aug. 10 for its preliminary decision.
The deal, which was announced in February, is expected to help LKQ tap into Canada-based Uni-Select’s strong presence in the aftermarket auto parts business.
The companies did not immediately respond to Reuters’ requests for comment.
($1 = 1.3329 Canadian dollars)
(Reporting by Sinchita Mitra in Bengaluru; Editing by Anil D’Silva)