Waste management company Panda has been ordered to sell Greenstar’s domestic waste collection business in two areas of Dublin as part of the takeover of its rival.
The Competition and Consumer Protection Commission has cleared Panda’s takeover of Greenstar's waste business, which was announced in February, but said it must sell Greenstar’s domestic operations in Dublin’s Fingal and Dun-Laoghaire-Rathdown areas as part of the deal.
The authority said it was concerned that the merger could result in a lessening of competition in those areas and as a result has secured binding commitments that they will be sold on as part of the deal.
“PandaGreen’s commitment to divest Greenstar’s domestic waste collection business in Fingal and Dun Laoghaire-Rathdown means that customers in those areas will continue to have the same amount of choice as they did prior to the merger,” said CCPC chair Isolde Goggin.
At the time of the deal’s announcement in February Greenstar had around 80,000 residential customers and 15,000 business customers. The company also operates a landfill power business which is not part of the takeover.
Panda, meanwhile, has a residential customer base of around 150,000 as well as 15,000 business customers of its own.