Competition weekly news summary
18 December 2015

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Mergers

  • Commission clears Trafigura's acquisition of de facto sole control of Nyrstar
    16 December 2015
    The European Commission has approved under the EU Merger Regulation the acquisition of sole control of Nyrstar of Belgium by Trafigura of the Netherlands. Trafigura is one of the world's leading independent commodity traders, specialising in oil, minerals and metals markets. Nyrstar is an integrated mining and metals business, with established positions in zinc and lead. The investigation showed that there would not be any adverse effects for competition in the market for zinc metal in the EEA.
    Read more >

State Aid

  • Commission concludes the resolution of Greek Cooperative Bank of Peloponnese involves no aid
    18 December 2015
    The European Commission has found that resolution support for Cooperative Bank of Peloponnese does not involve State aid within the meaning of the EU rules. The Bank of Greece has decided to put the small cooperative bank (with less than 0.1% market share in Greece) into resolution because it had a capital shortfall and did not succeed in raising new capital from private investors.
    Read more >
  • Commission approves additional aid for Cypriot cooperative banks on the basis of an amended restructuring plan
    18 December 2015
    The European Commission has approved additional state aid of €175 million in favour of the Cooperative Central Bank Ltd. in Cyprus and its subsidiaries in line with EU state aid rules. The Commission concluded in particular that the additional restructuring measures that the bank committed to implement will ensure that the bank becomes viable in the long-term whilst distortions of competition will be minimised.
    Read more >
  • Commission approves restructuring aid to Hungarian bank MKB
    16 December 2015
    The European Commission has concluded that Hungarian plans to grant state aid for the restructuring of Hungarian bank Magyar Kereskedelmi Bank Zrt (MKB) are in line with EU state aid rules. The Commission found in particular that MKB's restructuring plan will enable the bank to become viable in the long-term and ensured that the bank's owners contribute to the cost of restructuring while limiting the distortions of competition created by the aid.
    Read more >

Court

  • Case T-515/13 Spain and others vs. Commission
    17
    December 2015
    The General Court annulled the Commissions' decision that the Spanish tax lease system is an illegal state aid. The Commission had taken the view that the system had unduly granted a selective economic advantage which ultimately benefited Spanish shipyards to the detriment of the shipyards of other Member States. The Court stated that the Commission decision is vitiated by a number of errors and contains an insufficient statement of reasons concerning the classification as State aid.
    See the Court's press release>

    See Court of Justice case page (FR)>
  • Case T-486/11 Orange Polska vs. Commission.
    17
    December 2015
    The General Court dismissed an action for annulment of Commission Decision C(2011) 4378 regarding the abuse of a dominant position in the Polish telecommunication wholesale Bitstream access (BSA) market and the Polish wholesale Local Loop Unbundling (LLU) market by refusing to give access to its network and to supply BSA and LLU wholesale products.
    See Court of Justice case page>

 

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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, 2015. Reproduction is authorised provided the source is acknowledged.

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