European Commission report finds active competition enforcement contributes to affordable and innovative medicines

The European Commission has published a report showing that active competition law enforcement, at EU and national level, in the pharmaceutical sector contributes to delivering more affordable medicines and more choice to patients and healthcare systems, and promotes further innovation. Margrethe Vestager, Commissioner in charge of competition policy, said “Giving European patients and healthcare systems access … Continue reading European Commission report finds active competition enforcement contributes to affordable and innovative medicines

The EU Court of Justice confirms that the Commission’s decision prohibiting the acquisition of TNT Express by UPS must be annulled due to procedural irregularity

Judgement in Case C-265/17 P Commission v United Parcel Service By decision of 30 January 2013, the Commission prohibited the acquisition by UPS of TNT Express on the ground that in 15 Member States that operation would have led to a significant impediment to effective competition on the market for the international express delivery of … Continue reading The EU Court of Justice confirms that the Commission’s decision prohibiting the acquisition of TNT Express by UPS must be annulled due to procedural irregularity

Auditors publish Background Paper on EU competition policy enforcement

The European Court of Auditors has today published a Background Paper on the enforcement of the EU’s competition rules. Background Papers provide information on ongoing audit tasks and are designed as a source of information for those interested in the policy and/or programmes being audited. Today’s Paper is based on preparatory work for an audit … Continue reading Auditors publish Background Paper on EU competition policy enforcement

Mergers: Commission opens in-depth investigation into proposed acquisition of Monsanto by Bayer

The Commission has opened an in-depth investigation to assess the proposed acquisition of Monsanto by Bayer under the EU Merger Regulation. The Commission has concerns that the merger may reduce competition in areas such as pesticides, seeds and traits. Commissioner Margrethe Vestager, in charge of competition policy, said: “Seeds and pesticide products are essential for farmers and … Continue reading Mergers: Commission opens in-depth investigation into proposed acquisition of Monsanto by Bayer

Mergers: Commission approves acquisition of Banco Popular Español S.A. by Banco Santander

The European Commission has approved, under the EU Merger Regulation, Banco Santander's proposed acquisition of Banco Popular Español, S.A. The Commission concluded that the transaction would not raise competition concerns in the European Economic Area. Banco Santander and Banco Popular are universal banks, providing commercial, retail investment and wholesale banking services as well as insurance … Continue reading Mergers: Commission approves acquisition of Banco Popular Español S.A. by Banco Santander