MGF has cooperated fully for almost four years in an investigation conducted by the Competition and Markets Authority (CMA), despite believing it to be fundamentally unsound having stemmed from misconceived allegations and a flawed investigative process. MGF is bitterly disappointed with the CMA’s recent decision and wholeheartedly disagrees with it.
MGF believes the CMA has misunderstood the workings of its markets, including the legitimate and bona fide trading relations that exist between it and the other companies named in the investigation. The CMA has also chosen to disregard the large quantity of irrefutable evidence showing MGF’s strong and continuous competitive stance in its markets. It is an indisputable fact that MGF has steadily expanded and grown at the expense of its competitors during the time periods considered by the investigation. This alone is testament to MGF’s long-standing commitment to competition and its customers.
MGF and its legal advisors are currently considering launching a formal challenge to the CMA’s decision in the Competition Appeal Tribunal (CAT), and consequently the Company is not able to comment any further on the matter at this time.