Competition weekly news summary
Friday, July 29, 2011

Antitrust

  • Car price report shows price differentials for new cars in EU narrowing in 2010
    26 July 2011
    The Commission’s latest car price report shows that car prices fell by 2.5% in real terms in 2010 in the EU as a whole. List prices for new cars also converged slightly. These long-term price trends support the Commission's decision last year that specific competition rules for the sale of new cars are no longer justified.
    Read more >

State aid

  • Commission opens in-depth investigation into state aid to UK postal operator Royal Mail
    29 July 2011
    The Commission has opened an in-depth investigation to ascertain whether UK plans to restructure the postal incumbent Royal Mail, by relieving it of its 'pension deficit' and strengthening its balance sheet, are in line with EU state aid rules. At this stage, the Commission has doubts that Royal Mail's restructuring plan foresees adequate measures to mitigate any distortions of competition brought about by the state intervention and to ensure a sufficient own contribution to the cost of restructuring.
    Read more >

Mergers

  • Commission clears acquisition of the S-PVC business of Tessenderlo by Ineos
    26 July 2011
    The Commission has cleared the proposed acquisition of the Suspension Polyvinyl Chloride ("S-PVC") business of the Belgium-based Tessenderlo Group by the Swiss-based company Ineos. S-PVC is a resin used in pipes, window profiles and other industrial applications. The Commission concluded that the proposed transaction would not significantly modify the structure of the affected markets.
    Read more >
  • Commission approves acquisition of pharmaceutical supplier Capsugel by US investment fund KKR
    26 July 2011
    The Commission has cleared the proposed acquisition of Capsugel by fund manager KKR. Capsugel manufactures dosage delivery products, such as hard gelatine capsules used for pharmaceutical products. The Commission's investigation showed that no horizontal overlaps arise from the transaction, since neither KKR nor any company that it controls are active in the same field as Capsugel.
    Read more >
  • Commission clears acquisition of Medion by Lenovo
    26 July 2011
    The Commission has cleared the proposed acquisition of the German electronic equipment supplier Medion by the Chinese computer technology group Lenovo. The Commission concluded that the merged entity will continue to face several strong and effective competitors in the market.
    Read more >
  • Commission approves acquisition of power conversion company Converteam by General Electric
    25 July 2011
    The Commission has cleared the proposed acquisition of sole control of French power conversion company Converteam Group SAS by US conglomerate General Electric, via GE Energy. The Commission concluded that the transaction would not raise competition concerns in the EEA because of the parties' moderate market shares and the presence of a number of credible competitors in the markets concerned.
    Read more >
  • Commission clears acquisition of Tognum and Bergen by Daimler and Rolls-Royce
    25 July 2011
    The Commission has cleared the proposed acquisition of joint control over Tognum AG of Germany and Bergen of Norway by Daimler AG of Germany and Rolls-Royce Group plc of the UK. Bergen is currently controlled by Rolls-Royce. The Commission concluded that the merged entity will continue to face several strong and effective competitors in the markets.
    Read more >

Court

Subscriptions:

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, 2011. Reproduction is authorised provided the source is acknowledged.

Competition website