All Articles

Hungary: Budapest water privatised

Premium - 01 December 1997

The Hungarian Competition Council’s decision essentially permits the participation of powerful foreign companies in existing Hungarian monopoly companies under the new Hungarian merger control rules. The decision clears the way, from a competition law point of view, for further privatisations of Hungarian monopoly companies.

Fast-track failure threatens Latin American competition

Premium - 01 December 1997

Competition lawyers are concerned that US president Bill Clinton’s failure to achieve fast-track voting rights in Congress last week will impede the development of competition in Latin America.

Germany: Tourism mergers: cooperation with EC

Premium - 01 December 1997

It seems unlikely that the BKA will clear both transactions in their current form. In particular, the horizontal links between the yellow block and the red block could threaten domestic competition.

An interview with William Kist

Premium - 01 December 1997

Sebastian O’ Meara and Fenella Quinn ask the Director General of the new Dutch Competition Authority, the Nederlandse Mededingings Autoriteit what he has in store for corporate and outside counsel.

Beckett approves P&O/ Stena deal

Premium - 01 December 1997

UK trade secretary Margaret Beckett has approved the P&O/Stena Line ferry merger despite concern from European Commissioner Karel van Miert and UK Director General of Fair Trading John Bridgeman, who favoured complete prohibition in the public interest.

ITT/ Starwood Lodging

Premium - 01 December 1997

Starwood Lodging, the largest hotel real estate investment trust (REIT) in the United States, announced the signing of a definitive agreement to acquire ITT Corporation, owner of the Sheraton hotel chain, on 20 October.

Sentrachem/Dow Chemical

Premium - 01 November 1997

US-based giant Dow Chemical announced at the end of August that the board of directors of South African based chemical company Sentrachem had accepted its revised offer to acquire all the shares of Sentrachem. Dow’s revised offer is 11.75 South African rand per share (US $2.50).

AT&T/STET/Unisource

Premium - 01 November 1997

US telecommunications giant AT&T and Italian telecommunications group Stet/Telcom Italia formed a 50-50 strategic partnership in Latin America in July, while in Europe Stet/Telcom Italia joined the pan-European joint venture between AT&T and Unisource NV.

Capital Radio/Virgin Radio

Premium - 01 November 1997

UK-based radio stations Capital Radio and Virgin Radio’s plan to merge was referred to the MMC in July.

PacifiCorp/The Energy Group

Premium - 01 November 1997

US energy company PacifiCorp made a £3.6 billion cash offer for UK-based The Energy Group in June, which is being investigated by the MMC in the UK.