Deal is the first that Irish competition officials have decided to block since 2008 via IrishTimesBiz
CEO of An Post David McRedmond joins Ciaran Hancock to discuss the ongoing row between An Post and the UK’s Post Office over the implementation of post-Brexit customs rules, which is resulting in thousands of online purchases being returned to British retailers. Later on, we hear from two Dublin city centre business owners, Stephen Kennedy of Copper+Straw cafe and Sean Crescenzi of Happy Endings restaurant.
A spokesman for healthcare services group Uniphar and spokeswoman for the CCPC declined to comment. A spokesman for NaviCorp, which trades as Navi Group and is owned by chief executive John Carroll and executive chairman Simon Healy, did not immediately respond to efforts to secure comment. NaviCorp, a pharmacy solutions business which specialises in product buying and trading and the provision of IT and retail franchise services to pharmacies, posted operating profits of €6.26 million on €33.4 million of turnover last year, according to its most recent set of accounts, filed with the Companies Registration Office.
Uniphar, where chief executive Ger Rabbette has led an acquisitions spree since the company floated in Dublin in 2019, announced the plan to buy NaviCorp last December for an undisclosed sum. It notified the planned transaction to the CCPC on Christmas Eve. The authority said in April that it was carrying out an in-depth look at the deal, before raising concerns about the deal in an assessment issued to both sides in September.
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