Swedish telecoms deal cleared in Brussels 10.10.18
On 8 October the European Commission gave unconditional clearance for Swedish mobile network operator Tele2’s acquisition of fixed line and TV service provider Com Hem.
The Commission found that the parties’ activities were largely complementary, and ruled out conglomerate foreclosure effect concerns arising from the merged entity’s ability to offer bundled multiplay services spanning mobile, fixed and TV services. The merger investigation ran in parallel with a Commission investigation of potential anti-competitive behaviour by Swedish telecoms providers that began in 2017 and was closed in October 2018.
RBB worked with Vinge, counsel to Tele2, to assess competition aspects of the transaction throughout the signing, pre-notification and notification process.
RBB partner to chair a panel on merger control at the largest anti-trust events in Russia 09.10.18
Vitaly Pruzhansky will be one of the chairs at a panel discussing merger control matters at the forthcoming conference “Anti-Trust in Russia”. The conference brings together a number of renowned competition professionals in Russia. The conference will take place in Moscow on 26 October. For further information click here.
AdC clears Rubis aquisition of Repsol’s LPG assets in Azores and Madeira 01.10.18
On 27 September the Autoridade da Concorrencia (AdC) cleared the acquisition of certain Repsol assets by Rubis, subject to commitments after a Phase 2 investigation. The acquisition concerned the business of liquefied petroleum gas supply to Azores and Madeira, where Galp is the only additional supplier. RBB assessed the efficiencies that would be generated by the transaction. These efficiencies were also compared to the expected horizontal unilateral effects, taking into account the effects at different levels of the supply chain. RBB prepared economic submissions and took part in several meetings with the AdC, working alongside Linklaters.
Bundeskartellamt clears Douglas acquisition of Parfümerie Akzente unconditionally after Phase I investigation 24.08.18
On 25 July 2018 the Bundeskartellamt unconditionally cleared the acquisition of Parfümerei Akzente by Douglas. Douglas, part of the CVC-group, is the leading cosmetics retailer in Germany, whereas Akzente is a significant player in particular in the online segment. Next to their respective online stores, the Parties operate 456 and 27 offline stores across Germany, respectively. The Bundeskartellamt’s investigation focused on a local market analysis of potentially competing stores and on an assessment of competition between online and offline retailers.
RBB Economics assisted Douglas in obtaining clearance for the acquisition.
EC clears Tronox acquisition of Cristal with minor remedies after Phase 2 investigation 05.07.18
Both parties are active primarily in the production of titanium dioxide pigment. After a wide-ranging investigation, the Commission’s coordinated effects concerns were ultimately dismissed, and remaining issues were limited to horizontal unilateral effects in one relatively small product market. RBB prepared a number of economic submissions and gave evidence at an oral hearing, working alongside law firms Kirkland & Ellis and Cleary Gottlieb. RBB also assisted Tronox with merger inquiries in Australia and New Zealand, where unconditional clearances were granted after detailed investigations, as well as in China, South Korea, Canada, Turkey and Saudi Arabia.