According to a statement from the European Commission, regulators are examining whether the parties engaged in 'gun jumping' during the acquisition process. This practice, if confirmed, would represent a breach of the EU Merger Regulation, which mandates that companies must not implement a concentration before it has been formally notified and approved.
The investigation follows the proposed acquisition of Porta by furniture retailer XXXLutz. The Commission will now assess whether the companies prematurely integrated their operations or coordinated activities in violation of European competition law.
Source: European Commission. Read the original report ↗