The Finnish Competition Authority secures its second merger block in 2020 as €360 million healthcare deal is abandoned during the Market Court proceeding (Mehiläinen / Pihlajalinna)

An exceptional year in Finnish merger control came to an end on 29 December 2020 when the Finnish Market Court announced its decision concerning the Finnish Competition Authority’s (the FCCA) proposal to prohibit the merger between healthcare firms Mehiläinen and Pihlajalinna. After the oral hearing at the Court in November 2020, the parties’ merger agreement lapsed and the acquirer’s public purchase offer expired. However, to pave the way for potential future acquisitions and possibly a rerun of the transaction in question, the parties asked the Court to dismiss the authority’s decision. But the Court refused to assess the substance of the 3-to-2-deal given

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Martina Castrén, The Finnish Competition Authority secures its second merger block in 2020 as €360 million healthcare deal is abandoned during the Market Court proceeding (Mehiläinen / Pihlajalinna), 29 décembre 2020, e-Competitions December 2020, Art. N° 98655

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