Mills and Allen Ltd
1. Title of report: Avenir Havas Media SA and Brunton Curtis Outdoor Advertising Ltd (MMC - Cm 1737)
2. Date of report: 17 October 1991 Published: 20 November 1991
3. Orders: N/A
4. Date of original undertakings: 8 June 1992
5. Companies giving undertakings: Mills and Allen Ltd
6. Details of undertakings: Undertakings not to acquire
(i) Not to hold any interest in any of the 2,768, 48 sheet and larger panels (the Panels) and the sites on which they were located ('the Sites'), which were held by Brunton Curtis immediately before its acquisition by Avenir Havas Media SA, and which were disposed of pursuant to these undertakings.
(ii) Not to hold or have an interest in more than 15 per cent of the issued share capital of any company holding an interest in any Panel or Site, or more than 15 per cent of the voting rights exercisable at meetings of any such company.
(iii) To procure that no employee or director of Mills and Allen holds or is nominated to any directorship or managerial position in any undertaking holding an interest in any Panel or Site.
(iv) Not to participate in the formulation of the policy of any person with respect to the carrying on of any business relating to the display of posters on Panels or Sites.
7. Date of amendments: 21 April 1994
8. SIC code: 74.40 (Advertising panels)
Back to: Mergers undertakings
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