Deals

Mexico blocks wire merger

Mexico blocks wire merger

13 December 2017

Mexico’s competition authority has blocked a merger between US wire manufacturer Rea and Magnekom, a subsidiary of Mexico’s Xignux brand, after expressing concerns the deal would raise barriers to entry and harm competition.

Singapore takes Essilor/Luxottica to Phase II

Singapore takes Essilor/Luxottica to Phase II

12 December 2017

Singapore’s competition enforcer has initiated a Phase II review of the Essilor/ Luxottica eyewear merger, citing concerns the deal may harm competition in Singapore.

CMA issues first merger review fine

CMA issues first merger review fine

06 December 2017

Hungryhouse must pay £20,000 (€22,700) to the UK’s competition watchdog after the online food ordering service failed to answer an initial enforcement order regarding its planned purchase of Just Eat.

South African court clears failing firm deals despite enforcer’s prohibition

South African court clears failing firm deals despite enforcer’s prohibition

04 December 2017

The Competition Tribunal of South Africa has overturned the Competition Commission’s decision to prohibit a consortium from buying two white maize milling companies – due to the court’s concerns about job losses if the deals did not go ahead.

IBA criticises proposed French merger control changes

IBA criticises proposed French merger control changes

04 December 2017

The International Bar Association has expressed concerns about the possible introduction of transaction value thresholds to France’s merger control regime.

ACCC lets Tabcorp/Tatts go ahead

ACCC lets Tabcorp/Tatts go ahead

01 December 2017

The Australian Competition and Consumer Commission says it will not appeal against the Competition Tribunal’s renewed decision to approve the Tabcorp/Tatts merger, after the betting companies circumvented the enforcer’s usual merger review process by applying directly to the specialist tribunal for clearance.

AT&T: US must prove market power to stop vertical deal

AT&T: US must prove market power to stop vertical deal

29 November 2017

AT&T’s acquisition of Time Warner is clearly a vertical merger and cannot be blocked without a showing of market power that does not exist, the companies have argued in court papers.

Swedish enforcer granted power to block mergers

Swedish enforcer granted power to block mergers

28 November 2017

Sweden’s Competition Authority has revealed details of changes to its merger procedures ahead of its receipt of powers to directly block deals.

Russia approves Uber/Yandex

Russia approves Uber/Yandex

27 November 2017

Russia’s Federal Antimonopoly Service has cleared a deal between the US-based Uber and its rival Yandex.Taxi, conditioned on the combined company letting its drivers work for rivals.

India exempts state-owned oil and gas companies

India exempts state-owned oil and gas companies

27 November 2017

India’s government has issued a five-year exemption allowing public sector oil and gas companies to merge without needing to notifying the country’s competition enforcer.