(1) A relevant person (in this Chapter, "P") must report an event to which subsection (2) or (3) applies (a "reportable event") to the CMA before the event takes place.
(2) This subsection applies to an event where -
(a) the event results in P having qualifying status (see section 58) in respect of shares or voting rights in relation to a UK-connected body corporate, and
(b) the value of all consideration (see section 59) provided by P, whether before or as part of the event, for shares or voting rights in the UK-connected body corporate is at least £25 million.
(3) This subsection applies to an event which consists of the formation by P and at least one other person of a body corporate (in this Chapter, a "joint venture vehicle") where -
(a) P expects or intends that the joint venture vehicle will be a UK-connected body corporate,
(b) P has qualifying status in respect of shares or voting rights in relation to the joint venture vehicle, and
(c) the total value of -
(i) all capital an
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