Competition weekly news summary
16 November 2012

Mergers

  • Commission clears acquisition of French trading company CFAO by Toyota Tsusho
    14 November 2012
    The Commission has cleared the proposed acquisition of the French trading company CFAO by Toyota Tsusho Corporation of Japan. The Commission concluded that the proposed acquisition would not raise competition concerns because it would not significantly alter the market structure.
    Read more >
  • Commission approves acquisition of part of French insurance company Gan Eurocourtage by rival Helvetia
    12 November 2012
    The Commission has cleared the proposed acquisition by the French subsidiary of the Helvetia insurance group (Switzerland) of marine and transport insurance contracts (excluding aviation and space) and related brokerage businesses, assets and liabilities belonging to the French insurance company Gan Eurocourtage SA. The Commission's investigation confirmed that the operation would not raise competition concerns because it would not significantly alter the market structure.
    Read more >
  • Commission approves acquisition of Teva's over the counter business by Procter & Gamble
    12 November 2012
    The Commission has cleared the proposed acquisition of over-the-counter (OTC) business of the generic pharmaceutical company Teva of Israel by the US company Procter & Gamble (P&G). The Commission concluded that the transaction would not raise competition concerns because it would notsignificantly alter the market structure.
    Read more >

State aid

  • VP Almunia presents State Aid Modernisation Initiative to EU Economic and Finance Ministers Council
    13 November 2012
    On 8 May 2012, the Commission launched an integrated strategy to reform its state aid control (State Aid Modernisation). The main objectives are: (1) fostering sustainable, smart and inclusive growth in a competitive internal market; (2) focussing on cases with the biggest impact on the internal market whilst strengthening Member States cooperation in State aid enforcement; and (3) streamlining rules and providing for faster decisions. The Council discussed the broad implications of the reform plan.
    Read more about State Aid Modernisation >

Court

  • Cases T-135/09 and T-140/09, Nexans and Prysmian v Commission
    14 November 2012
    The General Court (GC) ruled on appeals against a Commission decision regarding inspections in the context of the Commission's investigation of a suspected cartel in the market for power cables. The GC largely upheld the Commission's decision, highlighting the importance of unannounced inspections for an efficient fight against cartels. The GC clarified that an inspection decision must enable the Commission to investigate the circumstances of suspected competition infringements and confirmed that the Commission was justified to carry out an unannounced inspection in the sector of high voltage submarine and underground cables. The GC partly annulled the decision insofar as it relates to other cables.
    Read full Nexans judgment >
    Read full Prysmian judgment >
    Read more about the power cables investigation >

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

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