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Car auction buyout on track for UK clearance with exiting defense

By Jon Menon ( January 22, 2026, 13:41 GMT | Insight) -- Constellation Developments, the US owner of British Car Auctions, is on track for UK clearance to buy rival ABVR Holdings after the antitrust regulator accepted that the target company would have exited the market without the deal, reversing its earlier assessment. The deal combines British Car Auctions, the largest provider of business-to-business used car auction services in Britain, with ABVR, the third largest.Constellation Developments, the US owner of British Car Auctions, is on track for UK clearance to buy rival ABVR Holdings after the antitrust regulator accepted that the target company would have exited the market without the deal, reversing its initial assessment....

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