News

BP and E.ON in asset swap

Premium 27 July 2001

BP and E.ON have agreed a multi-billion dollar swap of assets. The deal will make the UK oil company, BP, the leading petrol retailer in Germany. It will give E.ON, the German utility, a majority stake in Ruhrgas, Europe's largest gas distributor.

The EU's new leniency notice - consultation begins

Premium 18 July 2001

Special briefing for GCR by Conor Maguire of Simmons & Simmons On July 18, 2001 the European Commission fined eight companies a total of Euro 218.8m ($190m) for their part in the international graphite electrodes cartel. This second-highest total brings the amount of fines imposed by the Commission since it adopted its 1998 standardised fining policy to just over $870million.

Antitrust Division of DoJ takes top spot from Bundeskartellamt

Premium 01 July 2001

In a year that saw a record number of cases brought before competition regulators across the globe, a survey conducted by Global Competition Review has found that the United State’s Department of Justice: Antitrust Division is competition practitioners’ favourite.

Bristol- Myers Squibb to acquire DuPont

Premium 01 July 2001

Bristol-Myers Squibb, New York based, medical and beauty product producer has agreed to acquire DuPont Pharmaceuticals Company, a wholly-owned subsidiary of US-based DuPont.

BSkyB gets Open deal past the OFT

Premium 01 July 2001

BSkyB has taken over British Telecom’s stake in an interactive television service called Open. BSkyB now owns Open outright.

Czech Republic adjusts competition law

Premium 01 July 2001

The Czech Republic, one of a number of countries jostling for full membership of the European Union, has revised its competition policy to fall in line with European Commission practices.

UK to get tough on cartels

Premium 01 July 2001

The UK may criminalise cartels and price-fixing — opening the way for individual executives to be jailed.

GE-Honeywell gives food for thought

Premium 01 July 2001

Not withstanding 11th hour talks, the European Director-General for Competition, Mario Monti, is expected to reject General Electric’s proposed acquisition of Honeywell next Tuesday, July 2nd. The deal, valued at a cool $41 billion, would have worked out as the world’s largest merger.

American Airlines not out of the woods

Premium 01 July 2001

The US Department of Justice last week appealed against a Kansas District Court’s ruling in favour of American Airlines. The DoJ will attempt to show that American Airlines used unfair pricing to reduce competition on routes to and from Dallas/Fort Worth Airport.

Virgin Blue to take Australian regulator to court

Premium 01 July 2001

Virgin Blue, Richard Branson’s discount Australian airline, plans to take legal action against the Australian Competition & Consumer Commission for allowing Qantas to buy rival Impulse Airlines.