Competition weekly news summary
Friday, September 24, 2010

Conferences and Speeches

  • Safeguarding due process in antitrust proceedings
    Fordham Competition Law Institute Annual Conference on International Antitrust Law and Policy, New York, Alexander Italianer
    23 September 2010
    "I can assure you from the outset that the European Commission takes the needs of due process, impartiality and fairness extremely seriously. This is the only way to confer legitimacy upon our enforcement work, and it is fundamental for us taking decisions, but also taking the right decisions."
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Antitrust

  • Commission carries out inspections in paper envelope industry
    23 September 2010
    On 14 September 2010, Commission officials carried out unannounced inspections at the premises of several European manufacturers of paper envelopes in France, Denmark, Spain and Sweden. The Commission has reasons to believe that the manufacturers concerned may have, inter alia, coordinated price increases and allocated customers on several European markets.
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Mergers

  • Commission clears planned acquisition of control over generic pharmaceutical company Actavis by Deutsche Bank
    22 September 2010
    Through the proposed transaction, Deutsche Bank, which is Actavis most important creditor, acquires control over Actavis due to rights reserved to Deutsche Bank following a financial restructuring. The Commission found that competition concerns could be excluded due to an absence of overlaps between the activities of the two companies.
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  • Commission approves proposed acquisition of meat products supplier Keystone by rival company Marfrig of Brazil
    22 September 2010
    The Commission's investigation revealed that the combined market shares of the parties in the meat supply business are moderate in all of the product markets concerned and that a sufficient number of competitors would remain active in the markets. Similarly, Keystone's share of the markets for contract logistics for food services and freight forwarding services are modest. This, together with the parties' low combined market shares for meat products, makes it unlikely that the merged entity would be in a position to shut out competitors.
    Read more >
  • Commission approves proposed acquisition of Triade by Tech Data Europe and Brightstar Europe
    22 September 2010
    The combined market shares of the parties remain moderate in all markets. The Commission's investigation also confirmed that the parties would continue to face a sufficient number of competitors.
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  • Commission clears proposed acquisition of a controlling stake in Spanish gas company Saggas by Japan's Osaka
    21 September 2010
    Through the proposed transaction, one of the controlling shareholders in the existing Saggas joint-venture is replaced by Osaka, that presently has no interests in the market for the infrastructure for gas imports into Spain. On the other concerned markets, the notifying parties' market shares are so small that anticompetitive effects cannot arise.
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State aid

  • Commission temporarily authorises additional state support for Hypo Real Estate and extends scope of ongoing investigation
    24 September 2010
    The Commission temporarily authorised a transfer of certain assets into a winding-up institution and additional state guarantees for the German bank Hypo Real Estate, for reasons of financial stability. The Commission will take a final view on the compatibility of these measures with EU state aid rules in the context of its ongoing investigation into the restructuring of HRE.
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  • WestLB and BayernLB possible merger announcement
    21 September 2010
    The Commission is examining under EU state aid rules several state measures granted to both banks since the start of the financial crisis. Currently the Commission is assessing whether the restructuring plans are apt to address the structural problems that led to the banks' demise. The Commission must ensure that the restructuring plans restore the long-term viability of the banks, provide for an adequate burden sharing and sufficiently limit the distortions of competition caused by the aid. If the discussions between the banks lead to a decision to merge, the Commission will need to assess whether these conditions are met.
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  • Commission authorises guarantees for Irish financial institutions
    21 September 2010
    The Commission approved until 31 December 2010 a guarantee scheme for credit institutions in Ireland. The scheme is in line with EU state aid rules, because it features higher premiums to be paid by the banks for the guarantees granted by the State and foresees adequate safeguards to minimise potential distortions of competition.
    Read more >

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Published by the Competition Directorate General of the European Commission. The content of this publication does not necessarily reflect the official position of the European Commission. Neither the Commission nor any person acting on its behalf is responsible for the use which might be made of the above information.

© European Union, 2010. Reproduction is authorised provided the source is acknowledged.

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