Competition weekly news summary
Friday, November 12, 2010

Conferences and Speeches

  • Air Cargo Cartel
    Press Conference, Brussels, Joaquín Almunia
    9 November 2010
    "The fact that fuel prices were increasing, or that security costs rose after the 2001 terrorist attacks, is not an acceptable reason to stop competing against each other."
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  • WestLB
    Statement in Berlaymont press room, Brussels, Joaquínn Almunia
    5 November 2010
    "Since Germany disagrees with the Commission's valuation, we need to extend our investigation in order to provide for a transparent procedure that gives interested parties the opportunity to comment."
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  • Commission fines 11 air cargo carriers €799 million in price fixing cartel
    9 November 2010
    The Commission fined 11 air cargo carriers a total of €799.445.000 for operating a worldwide cartel which affected cargo services within the EEA. The carriers coordinated their action on surcharges for fuel and security without discounts over a six year period.
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  • Commission approves acquisition of certain Italian retail banking branches by Crédit Agricole
    11 November 2010
    The Commission's investigation has shown that the acquisition will not raise any competition concerns, in particular because Crédit Agricole presently only has a relatively limited share of the retail banking market in Italy and the transaction will only lead to minor overlaps in certain regions or provinces.
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  • Commission approves proposed acquisition of Philips branded colour TVs in China by display manufacturer TPV
    9 November 2010
    The proposed transaction would only lead to a small overlap on a potential global market for the sale and distribution of branded colour TVs. However, the merged entity will only have a small market share and will continue to face numerous strong competitors after the proposed transaction.
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  • Commission clears proposed acquisition of Reliance Security Services by Securitas
    9 November 2010
    The Commission's analysis showed that the merged entity would become the second player in the UK market for manned guarding services. However, competition in the UK security services markets will remain fierce, due to the presence of a considerable number of suppliers, both at national and regional level. Moreover, barriers to entry and expansion are relatively low.
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State aid

  • Commission approves restructuring of Spanish saving bank CajaSur
    8 November 2010
    The Commission authorised Spanish aid for the restructuring of CajaSur and the sale of its banking activities. The Commission considers that the restructuring plan adequately addresses the problems that led to the bail-out of the bank in May 2010, whilst avoiding undue distortions of competition.
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Editorial and legal information

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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