The UK Competition Authority blocks the merger of two companies offering container handling equipment and services to port terminals following a phase II investigation (Cargotec / Konecranes)

Introduction On 29 March 2022, the UK Competition and Markets Authority (“CMA”) announced that – following an in-depth, Phase 2 investigation – it had prohibited the proposed merger between Cargotec and Konecranes. The CMA noted that it was not satisfied with the remedies package proposed by the parties, who subsequently abandoned the transaction. The CMA’s decision differs from that of the European Commission (“Commission”), which had previously announced on 24 February 2022 that it had conditionally cleared the very same transaction at Phase 2, subject to remedies which were identical to those rejected by the CMA. This article: (i) explores how (and why) the CMA and the Commission arrived at such different conclusions in Cargotec/Konecranes; and (ii) considers whether this latest

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Marc Freedman, Alex Stratakis, The UK Competition Authority blocks the merger of two companies offering container handling equipment and services to port terminals following a phase II investigation (Cargotec / Konecranes), 29 March 2022, e-Competitions August 2022, Art. N° 107732

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