Work Area: Merger Control

Polish court annuls largest-ever antitrust fine on Gazprom

A Polish court has overturned the national competition authority’s record €6.2 billion gun-jumping penalty on Gazprom, ruling that the agency failed to prove the company established a joint venture with five other businesses to construct the Nord Stream 2 gas pipeline.

22 November 2022

Ecuador hands down third-ever merger prohibition

Ecuador’s antitrust enforcer has blocked a pharmacy chain’s planned purchase of a drug importer to prevent the combination of the two largest companies in the national pharmaceutical distribution market.

21 November 2022

DOJ: Northeast Alliance is “robbing Peter to pay Paul”

The Northeast Alliance’s profitability comes from customers rather than efficiencies, the Department of Justice has said.

21 November 2022

Canadian government proposes further amendments to Competition Act

The Canadian government is mulling further competition law amendments, including bolstering the antitrust watchdog’s decision-making powers and altering the efficiencies defence, after several major changes were already introduced in a budget bill this summer.

18 November 2022

EU opens Phase II review into Booking/eTraveli

The European Commission has launched an in-depth probe into Booking’s €1.6 billion purchase of eTraveli after the former refused to offer remedies to fix the authority’s preliminary competition concerns.

17 November 2022

UK unwinds Chinese purchase of major semiconductor maker

The UK government has ordered a Dutch subsidiary of Shanghai-listed Wingtech Technologies to sell its 86% stake in the UK’s largest semiconductor manufacturer on national security grounds.

17 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

France clears cash registry merger with behavioural remedies

France’s Competition Authority has cleared a merger between two cash registry companies in Phase I after accepting behavioural remedies aimed at eradicating conglomerate concerns from the transaction.

15 November 2022

Germany prohibits Chinese buyout

The German government has blocked the takeover of a domestic semiconductor production facility by the Swedish subsidiary of a Chinese chipmaker because the deal raised security concerns.

15 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

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