The Italian Competition Authority clears a merger between two major ferry companies by imposing a set of behavioural remedies (Compagnia Italiana di Navigazione / Tirrenia)

Introduction By a decision made on 21 June 2012 the Italian Competition Authority (ICA) has cleared the acquisition of the ferry service branch of the debt-stricken publicly owned ferry operator Tirrenia by Compagnia Italiana di Navigazione (CIN) [1]. The go-ahead for the transaction was made conditional upon the parties complying with a set of behavioural remedies. The ICA decision With the execution of the merger, CIN, a special corporate vehicle jointly controlled by the ferry operator Moby and the equity fund Clessidra, would purchase the Tirrenia business branch for ferry passenger and freight services between continental Italy, Sicily and Sardinia. Initially, the concentration was notified to the European Commission because in its original form met the financial thresholds

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Auteur

  • Desogus Law Office (Cagliari)

Citation

Michele Giannino, The Italian Competition Authority clears a merger between two major ferry companies by imposing a set of behavioural remedies (Compagnia Italiana di Navigazione / Tirrenia), 21 juin 2012, e-Competitions June 2012, Art. N° 48228

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