September 2000

Anticompetitive practices

The European Commission imposes a fine on Dutch car manufacturers for obstruction of exports of new cars from the Netherlands (Opel Nederland, General Motors Nederland)
DG COMP (Brussels)
"Commission Decision of 20 September 2000 imposing a fine on Opel Nederland and General Motors Nederland for obstruction of exports of new cars from the Netherlands"* 1. Introduction The Commission imposed a fine of € 43 million on Opel Nederland B.V., the Dutch importer of cars of the Opel (...)

The French Competition Authority fines major banks and credit establishments for implementing an anticompetitive agreement in the sector for property loans to private individuals (Crédit Agricole, Crédit Lyonnais, Société Générale)
French Competition Authority (Paris)
Press release published on the official website of the French Competition Authority. Several major banks and credit establishments penalised for having implemented an anticompetitive agreement in the sector for property loans to private individuals in 1993 and 1994* In a decision dated 19th (...)

The European Commission ends its action against a motorcycle manufacturer after it stopped prohibiting its Benelux dealers selling to UK customers (Triumph)
European Commission - DG RTD
"Triumph’s export ban for motorcycles brought to an end upon Commission’s intervention"* The European Commission has decided to end its action against the motorcycle manufacturer Triumph after the company stopped prohibiting its Benelux dealers selling to UK customers. Triumph is a manufacturer (...)

Mergers

The Czech Competition Authority clears a merger in the precious metals sector subject to maintenance of current supplies (Kotopel / Kirat / Safina)
Clifford Chance (Prague)
The operation KOPOTEL AG ("KOPOTEL") and KIRAT, spol. s r.o. ("KIRAT") acquired a joint control over SAFINA, a.s. ("SAFINA"), holding together 50.1 % of its publicly tradable shares. (p. 1 and 2) KOPOTEL is a Swiss company operating on the field of sales of goods of any kind and project (...)

The European Commission clears, subject to remedies, an acquisition in the food retail sector (Bestfoods/Unilever)
European External Action Service (Brussels)
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Financial Conduct Authority (London)
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DG COMP (Brussels)
"Merger Control: main developments between 1st September 2000 and 31st December 2000"* The Commission cleared the acquisition of US company Bestfoods by Anglo/Dutch company Unilever after the parties made substantial concessions to resolve competition concerns. The two companies overlap in the (...)

The German Competition Authority clears a joint venture in the market for special interest magazines subject to the divestiture of two magazine titles (Axel Springer / Jahr Verlag)
Baker McKenzie (Dusseldorf)
The operation On 19 June 2000 Axel Springer Verlag AG (“Axel Springer”) notified the Bundeskartellamt of a proposed joint venture of its subsidiary, Top Special Verlag GmbH, with Offene Handelsgesellschaft in Firma Jahr Verlag GmbH & Co. (“Jahr Verlag”). The purpose of the joint venture (...)

The European Commission clears, following an in-depth investigation, an acquisition in the satellite industry (Boeing/Hughes)
European External Action Service (Brussels)
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Financial Conduct Authority (London)
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DG COMP (Brussels)
"Merger Control: main developments between 1st September 2000 and 31st December 2000"* The European Commission decided to clear the proposed acquisition by the Boeing Company of the satellite business of Hughes Electronics Corporation following an in-depth investigation. The investigation (...)

The Slovak Antimonopoly Office approves a merger in the gaz and oil trade and distribution sector subject to commitment to close and limit gas stations (Mol/Slovnaft)
Čechová & Partners (Bratislava)
The operation The AMO approved by the decision dated 20 09 2000 the acquisition of controlling stake of the shares of local major refinery SLOVNAFT, a.s. by the Hungarian company MOL Magyar Olaj- és Gázipari Részvénytársaság. By the Share purchase and share issue agreement, concluded between MOL as (...)

The Slovak Competition Authority clears the acquisition of a refinery by its local competitor subject to remedies aimed at limiting the number of petrol stations (MOL / Slovnaft)
Čechová & Partners (Bratislava)
The operation The AMO approved by the decision dated 20 09 2000 the acquisition of controlling stake of the shares of local major refinery SLOVNAFT, a.s. by the Hungarian company MOL Magyar Olaj- és Gázipari Részvénytársaság. By the Share purchase and share issue agreement, concluded between MOL as (...)

The Lithuanian Competition Council cleared a merger in the market of ferrous metals scrap with remedies, including reduction of scale of business (Vitoma/Antrimeta)
Vodafone (Istanbul)
The operation By a decision dated 18 September 2000, the Lithuanian Competition Council authorized in phase I the acquisition by UAB Vitoma (« Vitoma ») of 70.09 % shares of AB Antrimeta (« Antrimeta »), 70 % shares of UAB Ákrova (« Ákrova »), 70 % shares of UAB Metalo lauþas (« Metalo lauþas ») and (...)

The European Commission conditionally approves an acquisition in the automobile industry (Volvo/Renault Vehicules Industriels)
European External Action Service (Brussels)
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Financial Conduct Authority (London)
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DG COMP (Brussels)
"Merger Control: main developments between 1st May 2000 and 31st August 2000"* With regard to the acquisition by Volvo of Renault Vehicules Industriels («RVI«) one main concern was that following the prohibition of the proposed merger between Volvo and Scania, Volvo has remained a significant (...)

The Hungarian Competition Office authorises the acquisition of joint control by a Hungarian oil company over a Slovak oil company (MOL / Slovnaft)
Lakatos, Köves & Partners (Budapest)
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Lakatos, Köves & Partners (Budapest)
The Hungarian Competition Office (“HCO”) initiated an investigation following the application of Hungarian Oil & Gas Company Plc (“MOL”) in which MOL requested the approval for MOL’s acquisition of joint control with Slovintegra a.s. (“Slovintegra“) and Slovbena a.s. (“Slovbena”) (hereinafter (...)

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