Topic: Structural remedies

UK conditionally clears pair of foreign investments

The UK government has imposed national security-related remedies on the acquisition of UK eSIM company Truphone by a pair of European billionaires, on the same day it also placed restrictions on a Chinese electric power company’s acquisition of control over a London-based construction company.

06 December 2022

EU lays out path to dissolve Illumina/Grail

The European Commission has ordered Illumina and Grail to comply with a package of divestment and transitional measures as they unwind their deal to restore competition and continue the “innovation race” for early cancer detection tests.

05 December 2022

Argentina imposes rare structural remedy on nightclub cartel

Argentina’s antitrust watchdog has issued a rare decision to break up a nightclub operator while imposing €1.4 million in fines on a cartel that fixed prices and divided a local discotheque market.

02 December 2022

CMA demands remedies in Baker Hughes acquisition

The UK’s Competition and Markets Authority has told Baker Hughes and Altus Intervention to remedy their proposed transaction to avoid an in-depth probe after finding the deal would wipe out a key competitor in an essential oil supply market.

23 November 2022

CMA accepts Phase II divestment in three-to-two foam deal

The UK’s antitrust watchdog has accepted a divestiture proposal from Carpenter and Recticel to sell the majority of the latter’s engineered foam businesses in the UK after the companies became the first to ever concede their deal harmed competition during a Phase II probe.

16 November 2022

CMA seeks competition fix for Korean Air/Asiana

The UK’s Competition and Markets Authority has told Korean Air and Asiana Airlines that they have five days to remedy its competition concerns or face an in-depth review into their proposed €1.31 billion merger.

15 November 2022

Thousands of stakeholders urged Canadian enforcer to block major telecoms deal, official says

The majority of over 7,000 public submissions sent to Canada’s Competition Bureau opposed Rogers’ $19 billion acquisition of Shaw Communications, an agency official has testified.

09 November 2022

CMA set to unroll dough merger

The UK’s Competition and Markets Authority has provisionally found that Cérélia’s takeover of Jus-Rol can likely only be remedied by the former divesting the entirety of the latter’s UK business, which “would be similar to a prohibition”.

07 November 2022

Philip Morris allays vertical concerns with divestiture in Swedish Match acquisition

The European Commission has approved Philip Morris International’s $16 billion acquisition of Swedish Match, subject to the divestiture of the latter’s logistics business to a pre-approved buyer.

26 October 2022

Construction chemicals suppliers offer fast-tracked divestment remedies in CMA in-depth probe

The UK’s Competition and Markets Authority is consulting on a remedy proposal in a deal involving the country’s two largest chemical admixture suppliers after the companies asked the agency to fast-track its in-depth probe to remedy discussions.

25 October 2022

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