Topic: Gun-jumping

Illumina and Grail face “hefty fines” in EU gun-jumping probe

The European Commission has sent Illumina and Grail a statement of objections accusing the companies of unlawfully closing their deal, which comes less than a week after the General Court confirmed the agency’s jurisdiction to review the acquisition.

19 July 2022

China issues max fines in latest round of gun-jumping penalties

China’s antitrust enforcer has fined Alibaba, Tencent and multiple other technology companies and private equity groups the maximum amount possible for failing to report more than two dozen transactions dating back to 2011.

12 July 2022

Indian tribunal upholds record gun-jumping penalty against Amazon

India’s specialist competition tribunal has upheld a record €24.5 million gun-jumping fine against Amazon but halved additional penalties on the technology giant for making false statements about its 49% investment in Future Coupons.

13 June 2022

Brazil hits Veolia with highest possible gun-jumping fine

Veolia has agreed to pay an €11.6 million gun-jumping penalty after Brazil’s competition watchdog found that the French water and waste management company failed to notify the first step of its hostile takeover of rival Suez.

26 May 2022

India hits Veolia with gun-jumping fine for Suez deal

The Competition Commission of India has fined Veolia nearly €120,000 for failing to notify its acquisition of a 29.9% stake in Suez from Engie, which was the first step in its two-pronged takeover of its rival.

24 May 2022

Canon loses bid to quash €28 million EU gun-jumping fine

The EU’s General Court has upheld the European Commission’s €28 million gun-jumping fine to Canon for partially implementing its two-part takeover of Toshiba Medical Systems Corporation before notifying the deal under EU merger rules.

18 May 2022

Dutch enforcer fines construction company for gun-jumping

The Dutch competition authority has fined modular building rental company Modulaire Group and its subsidiary Algeco €1.85 million for failing to notify the latter’s acquisition of rival BUKO, nearly a year after the agency unconditionally cleared the deal.

17 May 2022

Morocco imposes first sanction

Morocco’s Competition Council has imposed its first-ever penalty, fining a Swiss construction chemicals manufacturer more than €1 million for gun-jumping.

10 May 2022

Funeral service providers face more gun-jumping allegations in Spain

Spain’s competition enforcer has accused two funeral service providers it previously fined for gun-jumping of once again failing to notify separate acquisitions of local funeral homes.

22 April 2022

France sanctions spirits maker for gun-jumping

France’s Competition Authority has fined the country’s second-largest spirits group €7 million for failing to notify its acquisition of a rival, after the agency conditionally cleared the deal in 2019.

13 April 2022

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