Search Results for: merger

Mergers: Commission fines Sigma-Aldrich €7.5 million for providing misleading information during Merck takeover investigation

This article is brought to you in association with the European Commission. The European Commission has fined Sigma-Aldrich €7.5 million for providing incorrect or misleading information during the Commission’s investigation under the EU Merger Regulation of Merck’s acquisition of Sigma-Aldrich. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The effectiveness of our merger control […]

Mergers: Commission announces evaluation results and follow-up measures on jurisdictional and procedural aspects of EU merger control

This article is brought to you in association with the European Commission. The European Commission has published today a Staff Working Document that summarises the findings of the evaluation of procedural and jurisdictional aspects of EU merger control. Following the results of the evaluation, the Commission decided to adopt a communication providing guidance on the application […]

Mergers: Commission clears acquisition of Eaton Hydraulics by Danfoss, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Eaton’s hydraulics business (“Eaton Hydraulics”) by Danfoss. The approval is conditional on full compliance with the commitments offered by Danfoss. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: […]

Mergers: Commission clears acquisition of Refinitiv by London Stock Exchange Group, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the acquisition of Refinitiv by the London Stock Exchange Group (‘LSEG’). The approval is conditional on full compliance with a commitments package offered by LSEG. Executive Vice-President Margrethe Vestager, in charge of competition policy, […]

Mergers: Commission approves the merger of Fiat Chrysler Automobiles N.V. and Peugeot S.A., subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed merger between the automotive companies Fiat Chrysler Automobiles N.V. (‘FCA’) and Peugeot S.A. (‘PSA’). The approval is conditional on full compliance with a commitments package offered by the companies. Executive Vice-President Margrethe […]

Mergers: Commission clears acquisition of Fitbit by Google, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the acquisition of Fitbit by Google. The approval is conditional on full compliance with a commitments package offered by Google. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “We can approve the […]

Mergers: Commission approves DIC’s acquisition of BASF Colors & Effects, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of BASF Colors & Effects by the DIC Corporation (‘DIC’). The approval is conditional on full compliance with a commitments package offered by DIC. Executive Vice-President Margrethe Vestager, in charge of […]

Mergers: Commission refers acquisition of newly created joint venture by Telefónica and Liberty Global to the UK competition authority

This article is brought to you in association with the European Parliament. The European Commission has referred the proposed acquisition by Telefónica S.A. and Liberty Global PLC of a newly created joint venture to the Consumers and Market Authority (“CMA”) of the UK, at its request. The proposed joint venture will combine Telefónica’s UK Limited business […]

Mergers: Commission approves Worldline’s acquisition of Ingenico, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Ingenico by Worldline, both active in the payment services sector. The approval is conditional on full compliance with a commitments package offered by the parties. Executive Vice-President Margrethe Vestager, in […]

Mergers: Commission approves acquisition of Nets’ account-to-account payment business by Mastercard, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Nets’ account-to-account payment business by Mastercard. The decision is conditional on the transfer of a license for Nets’ “Realtime 24/7” technology for account-to-account core infrastructure services as well as of […]

Mergers: Commission opens in-depth investigation into the proposed acquisition of Fitbit by Google

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed acquisition of Fitbit by Google under the EU Merger Regulation. The Commission is concerned that the proposed transaction would further entrench Google’s market position in the online advertising markets by increasing the […]

Mergers: Commission clears Alstom’s acquisition of Bombardier, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the acquisition of Bombardier Transportation by Alstom. The approval is conditional on full compliance with a commitments package offered by Alstom. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Alstom and Bombardier […]

Mergers: Commission approves acquisition of Bayer’s animal health division by Elanco, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Bayer AGs animal health division by Elanco Animal Health Inc. The decision is conditional on the divestment of otitis products and several types of parasiticides in the European Economic Area […]

Mergers: Commission waives the commitments made by Takeda to obtain clearance of its acquisition of Shire

This article is brought to you in association with the European Commission. The European Commission has waived, under the EU Merger Regulation, the commitments made by Takeda to obtain clearance of its acquisition of Shire. The Commission approved the acquisition of Shire by Takeda on 20 November 2018, subject to the divestment of a biologic drug […]

Mergers: Commission opens in-depth investigation into proposed acquisition of Transat by Air Canada

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed acquisition of Transat by Air Canada, under the EU Merger Regulation. The Commission is concerned that the proposed transaction may reduce competition in the passenger air transport services between the European Economic […]

Mergers: Commission approves the merger of Mylan and Pfizer’s Upjohn division, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed merger between the global pharmaceutical company Mylan and Upjohn, a business division of Pfizer, which operates Pfizer’s off-patent branded and generic established medicines. The decision is conditional on the divestment of Mylan’s […]

Mergers: Commission approves acquisition of Raytheon by UTC, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Raytheon by United Technologies Corporation (UTC). The approval is conditional on the divestiture of a remedy package. The transaction combines UTC’s aerospace businesses and Raytheon’s defence business. Both companies are […]

Mergers: Commission clears acquisition of joint control over INWIT by Telecom Italia and Vodafone, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over INWIT by Telecom Italia and Vodafone. The approval is conditional on full compliance with a commitments package offered by Telecom Italia and Vodafone. Executive Vice-President Margrethe Vestager, […]

Mergers: Commission approves Assa Abloy’s acquisition of Agta Record, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Agta Record by Assa Abloy. The approval is conditional on the implementation of a remedy package by Assa Abloy. Assa Abloy and Agta Record are two of the main Original […]

Mergers: Commission approves acquisition of joint control over Prosegur Alarmas by Telefónica and Prosegur

This article is brought to you in association with the European Commission. The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of joint control over Prosegur Alarmas by Telefónica and Prosegur. The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. Under the proposed acquisition, […]

Mergers: Commission opens in-depth investigation into proposed acquisition of GrandVision by EssilorLuxottica

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed acquisition of GrandVision by EssilorLuxottica, under the EU Merger Regulation. The Commission is concerned that the merger may reduce competition for the wholesale supply of ophthalmic lenses and eyewear, as well as […]

Mergers: Commission approves Synthomer’s acquisition of Omnova, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Omnova by Synthomer, both manufacturers of specialty chemicals. The approval is conditional on the divestment of a remedy package. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Specialty […]

Mergers: Commission opens in-depth investigation into proposed acquisition of DSME by HHIH

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed acquisition of Daewoo Shipbuilding & Marine Engineering CO., Ltd (DSME) by another shipbuilding group, Hyundai Heavy Industries Holdings (HHIH), under the EU Merger Regulation. The Commission is concerned that the merger may […]

Mergers: Commission approves Varta AG’s acquisition of Energizer’s divestment business, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, Varta AG as a suitable purchaser of assets divested by Energizer in order to acquire Spectrum Brands’ batteries and portable lighting business. The Commission also approved Varta AG’s acquisition of the divested assets under […]

Mergers: Commission opens in-depth investigation into proposed acquisition of Metallo by Aurubis

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed acquisition of Metallo by Aurubis, under the EU Merger Regulation. The Commission is concerned that the acquisition may reduce competition in the purchasing of copper scrap for refining. Commissioner Margrethe Vestager, responsible […]

Mergers: Commission clears Telia’s acquisition of Bonnier Broadcasting, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Bonnier Broadcasting by Telia. The approval is conditional on full compliance with a commitments package offered by Telia. Commissioner Margrethe Vestager, in charge of competition policy, said: “We have today […]

Mergers: Commission opens in-depth investigation into joint ventures proposed by Boeing and Embraer

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed creation of two joint ventures by aircraft manufacturers Boeing and Embraer, under the EU Merger Regulation. The Commission is concerned that the transaction may reduce competition as regards commercial aircraft. Commissioner Margrethe […]

Mergers: Commission clears E.ON’s acquisition of Innogy, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the acquisition by E.ON of Innogy’s distribution and consumer solutions business as well as certain of its electricity generation assets. The approval is conditional on full compliance with a commitments package offered by E.ON. […]

Mergers: Commission opens in-depth investigation into PKN Orlen’s proposed acquisition of Lotos

This article is brought to you in association with the European Commission. The European Commission has opened an in-depth investigation to assess the proposed acquisition of Lotos by PKN Orlen, under the EU Merger Regulation. The Commission is concerned that the merger may reduce competition in the supply of fuels and related markets in Poland and […]

Mergers: Commission clears Vodafone’s acquisition of Liberty Global’s cable business in Czechia, Germany, Hungary and Romania, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Vodafone of Liberty Global’s cable business in Czechia, Germany, Hungary and Romania. The approval is conditional on full compliance with a commitments package offered by Vodafone. Commissioner Margrethe Vestager, in charge […]

Mergers: Commission approves GlaxoSmithKline’s acquisition of Pfizer’s Consumer Health Business, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the acquisition of Pfizer’s Consumer Health Business by GlaxoSmithKline. The decision is conditional upon the global divestment of Pfizer’s topical pain management business carried out under the ThermaCare brand. GlaxoSmithKline (“GSK”) and Pfizer’s Consumer Health Business […]

Mergers: Commission approves the acquisition of Flybe by Connect Airways, subject to conditions

This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the acquisition of UK regional air carrier Flybe by Connect Airways, a consortium by Virgin Atlantic, Stobart Aviation and Cyrus. The decision is conditional on full compliance with commitments offered by Connect Airways. Today’s […]

Mergers: Commission fines Canon €28 million for partially implementing its acquisition of Toshiba Medical Systems Corporation before notification and merger control approval

This article is brought to you in association with the European Commission. The European Commission has fined Canon, the Japan-based imaging and optical products manufacturer, €28 million for implementing its acquisition of Toshiba Medical Systems Corporation (TMSC) before notification to and approval by the Commission, in breach of EU Merger control rules. Commissioner Margrethe Vestager, in charge […]