Competition weekly news summary
Friday, November 18, 2011

Antitrust

  • Commission makes Standard & Poor's commitments to abolish fees for use of US International Securities Identification Numbers binding
    15 November 2011
    The Commission has made legally binding commitments offered by Standard & Poor's (S&P) to abolish the licensing fees that banks pay for the use of US International Securities Identification Numbers (ISINs) in the European Economic Area (EEA)1. Moreover, for direct users, information services providers (ISPs) and service bureaus (i.e. outsourced data management service providers), S&P committed to distribute the US ISIN record separately from other added value information, on a daily basis for $15.000 per year, to be adjusted each year in line with inflation. ISINs are key identifiers for securities, allocated and distributed by national numbering agencies (NNAs). They are essential for managing securities and reporting. The Commission had concerns that S&P, which is the only NNA for US ISINs, may have charged unfairly high prices for their use and distribution in Europe, in breach of EU antitrust rules on the abuse of a dominant market position. The Commission is satisfied that the commitments, revised in light of observations received in the course of a market test, are suitable to solve the competition concerns.
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Mergers

  • Commission clears acquisition of animal feed producer KoroFrance by the Cargill Group
    17 November 2011
    The Commission has cleared the proposed acquisition of KoroFrance, the holding company of animal feed producer Provimi Group, by the US based Cargill. The Commission concluded that the proposed transaction would not raise competition concerns as the merged entity would continue to be constrained by a number of other players.
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Court

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

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