Competition weekly news summary
6 July 2012

Mergers

  • Commission approves acquisition of Georgia-Pacific's European tissue business by Swedish rival SCA, subject to conditions
    5 July 2012
    The Commission has cleared the proposed acquisition of the US company Georgia-Pacific's European consumer products business ("GPE") by Svenska Cellulosa Aktiebolaget of Sweden. Both SCA and GPE produce toilet paper and other tissue-based products. The clearance is conditional upon the divestment of a number of business activities in the UK, Ireland, Sweden and the Netherlands, where the transaction would have resulted in eliminating a credible competitive constraint to the merged entity. The commitments offered by the parties address these concerns.
    Read more >
  • Commission clears acquisition of Agricola by Forfarmers in animal feed sector
    4 July 2012
    The Commission has cleared the proposed acquisition of British animal feed producer Agricola, the holding company of BOCM Pauls, by the Dutch agricultural commodities and feed producer Forfarmers. The Commission found that the transaction would not raise competition concerns because of the limited increment in market share resulting from the acquisition and the presence of sufficient competitors on the markets concerned.
    Read more >
  • Commission approves joint-venture between French "La Poste" and "Swiss Post", subject to conditions
    4 July 2012
    The Commission has cleared the proposed creation of a joint-venture between the French and Swiss postal incumbents La Poste and Swiss Post to carry out most of their current activities in the area of international mail delivery services. The decision is conditional upon the divestiture of the subsidiary of Swiss Post in France. The Commission had concerns that the transaction, as initially notified, might have reinforced La Poste's dominance on the French market. In light of the commitments offered by the parties, the Commission concluded that the transaction would not raise competition concerns.
    Read more >
  • Commission approves acquisition of CWW by Vodafone
    3 July 2012
    The Commission has cleared the proposed acquisition of Cable & Wireless Worldwide by Vodafone Group. Both companies provide fixed and mobile telecommunications services in the EEA. The Commission concluded that the transaction would raise no competition concerns, as the parties' activities are largely complementary. CWW's main activity is related to fixed telecoms, whereas Vodafone is mainly active in mobile telecoms.
    Read more >
  • Commission clears acquisition of Talaris Topco by Glory in cash handling product sector
    3 July 2012
    The Commission has cleared the proposed acquisition of Talaris Topco of the UK by Glory of Japan. Both companies develop and produce cash handling machines. The Commission concluded that the proposed transaction would not raise competition concerns as a number of strong competitors will remain active on the markets concerned.
    Read more >

State aid

  • Commission temporarily approves a second recapitalisation in favour of NLB and opens in-depth investigation on the restructuring plan of the bank
    2 July 2012
    The Commission has temporarily approved an additional capital injection of 382.9 million to Nova Ljubljanska Banka Group (NLB) for reasons of financial stability. At the same time, the Commission has opened an in-depth investigation into the bank's restructuring plan that was submitted after the first recapitalisation. At this stage, the Commission has doubts that the plan adequately addresses the causes for NLB's distress or foresees sufficient safeguards to limit the distortions of competition created by the state support.
    Read more >

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, 2012. Reproduction is authorised provided the source is acknowledged.

Competition website