Deals

DG Comp probes more tie-ups for misleading information

DG Comp probes more tie-ups for misleading information

27 March 2017

The European Commission is reviewing two to four tie-ups cleared within the last five years to see if merging companies provided misleading information during EU merger proceedings.

India investigates Dow/DuPont merger

India investigates Dow/DuPont merger

24 March 2017

The Competition Commission of India initiated the equivalent of a Phase II investigation into the merger between chemical and agricultural giants Dow Chemicals and DuPont on Wednesday, saying that the deal was likely to have an “appreciable adverse effect on competition in India”.

Vodafone India and Idea Cellular announce merger

Vodafone India and Idea Cellular announce merger

21 March 2017

Vodafone yesterday agreed to merge its Indian operations with Idea Cellular, creating the country’s largest telecoms operator – but the deal is subject to clearance from the Indian competition watchdog.

Paraguay watchdog clears first-ever deal

Paraguay watchdog clears first-ever deal

16 March 2017

Paraguay’s National Competition Commission has cleared the Paraguayan leg of Coca-Cola and Coca-Cola FEMSA’s US$575 million acquisition of soy drinks company AdeS from Unilever.

Skadden and Morrison & Foerster advise on Intel/Mobileye

Skadden and Morrison & Foerster advise on Intel/Mobileye

13 March 2017

US chip manufacturer Intel is to acquire Mobileye, an Israeli company that makes automated driving systems, for $15.3 billion (€14.3 billion), the companies announced today.

CADE conditionally clears airline joint venture

10 March 2017

Brazil’s Administrative Council for Economic Defence has approved a business deal between International Airlines Group and South American airlines company LATAM, subject to conditions aimed at protecting competition in the market for routes between São Paulo and London.

Two enforcers will review AT&T/Time Warner merger, Mexican court rules

Two enforcers will review AT&T/Time Warner merger, Mexican court rules

09 March 2017

A specialised court has given both of Mexico’s competition enforcers power to review the AT&T/Time Warner deal.

Canada clears Chemtrade/Canexus on efficiencies

Canada clears Chemtrade/Canexus on efficiencies

09 March 2017

Canada’s Competition Bureau will not challenge the merger of sodium chlorate companies Chemtrade and Canexus, despite finding it would be likely to harm competition.

Altice to pay another non-compliance penalty

Altice to pay another non-compliance penalty

09 March 2017

France’s Competition Authority has fined telecommunications operator Altice €40 million for failing to develop certain fibre optic networks, marking the second time the company has been fined for breaching commitments attached to a merger between its French subsidiary Numericable and SFR.

UPS/TNT block overturned on procedural grounds

UPS/TNT block overturned on procedural grounds

07 March 2017

The EU’s General Court today quashed the European Commission’s decision to block the United Parcel Service’s acquisition of TNT Express, because the enforcer did not send the companies information about its econometric analysis of the deal during its investigation.

ICE must divest Trayport, UK tribunal says

ICE must divest Trayport, UK tribunal says

06 March 2017

The UK’s Competition Appeal Tribunal today upheld the Competition and Markets Authority’s decision to order Intercontinental Exchange to unwind its acquisition of trading software provider Trayport, but sent part of the order back to the enforcer to reconsider its reasoning.

PSA to buy out GM in Europe

PSA to buy out GM in Europe

06 March 2017

Peugeot’s parent company announced today it will buy General Motors’ European subsidiary for €1.8 billion, making the new entity Europe’s second largest car manufacturer after Volkswagen.