Community News

Pitofsky testifies on merger wave

Premium 01 August 1998

In testimony before the Senate Judiciary Committee, FTC Chairman Robert Pitofsky cited globalisation, deregulation and technological change as among factors contributing to the largest corporate merger wave since the 1980s.

All change at Punder Group

Premium 01 August 1998

On July 1 the Pünder Group pan- European federation lost two members with the departure of Belgian firm Coppens van Ommeslaghe & Faurès and Zurich-based Stoffel & Partner.

Brazil frees up oil sector

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Brazil has taken steps to open its oil sector to competition by ending the monopoly on oil exploration and production held by the state oil company, Petrobras.

Ashurst's Milan alliance

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Ashurst Morris Crisp has announced a strategic alliance with Italian firm Negri-Clementi Montironi & Soci, the former Milan practice of the US firm Graham & James.

Kirch/ Bertelsmann/ DT

Premium 01 August 1998

The European Commission has prohibited the proposed digital television deal between Kirch, Bertelsmann and Deutsche Telekom after a last-minute compromise was rejected by Bertelsmann.

Ladbrokes/ Coral deadline extended

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The UK Department of Trade has given the Monopolies and Mergers Commission more time to conclude its inquiry into the acquisition by Ladbrokes of the Coral betting assets of Bass.

CAA sees growing competition in Europe's skies

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A report published by the UK’s Civil Aviation Authority on the first five years of Europe’s single aviation market has revealed a substantial increase in competition in the skies over Europe.

Commission approves BA/ AA alliance

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The European Commission has finally approved the planned alliance between British Airways and American Airlines.

Credit Lyonnais

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The European Commission and the French government have reached agreement over state aid to the French state-owned bank Crédit Lyonnais - four years after the Commission began investigating the case.

Commission approves United/ Lufthansa alliance

Premium 01 August 1998

The Commission also approved the alliance between United, Lufthansa and SAS, which has been operating since 1996 as the Star Alliance and has already won regulatory approval in the US.