A proposed takeover of the Jersey International Business School by BPP, which already has a substantial presence in the Island, has been referred to the Channel Islands Competition and Regulatory Authorities for approval.
Both companies provide professional training services with a particular focus on qualifications for work in the finance sector. CICRA is inviting any feedback on the planned merger before 5 pm on 12 June.
The competition regulator’s chief executive, Michael Byrne, confirmed that the case was under review.
‘The acquisition between BPP and Jersey International Business School has now been notified, with notice of the transaction given on CICRA’s website,’ he said.
‘Comments are being sought from interested parties to inform CICRA’s assessment of the transaction.
‘At this stage CICRA won’t be in a position to comment further.’
JIBS chief executive Chris Usher chief said that his organisation had no comments at this time.
‘We have no comment to make, as this matter is currently with the competition authority. We will make a comment when we are able to do so,’ he said.