The Chinese MOFCOM conditionally clears an off-shore joint venture involving European computer technology groups (ARM / Giesecke & Devrient / Gemalto)

On the 6th December 2012 MOFCOM published its 6th and last merger decision of the year - a clearance, with conditions, of the Trustonic joint venture between ARM, Giesecke & Devrient (G&D), and Gemalto. Process The parties submitted their initial notification on 4th May 2012. MOFCOM determined that the initial materials were not complete, which is relatively common in China, and asked for further details. On June 28th 2012 MOFCOM formally accepted the concentration notification for review. On July 27th, 30 days after the initial notification, MOFCOM extended the review period. The review period was again extended on October 25th with an expected decision deadline of the 24th December. A final decision was adopted on the 6th December 2012. During the period of further review

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  • First Principles Economics (London)

Quotation

David Stallibrass, The Chinese MOFCOM conditionally clears an off-shore joint venture involving European computer technology groups (ARM / Giesecke & Devrient / Gemalto), 6 December 2012, e-Competitions Bulletin Behavioural remedies, Art. N° 51087

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