Norway’s competition authority declined to comment on whether it would launch an investigation into allegations of price fixing by the country’s salmon farming sector, but said it’s following the probe from the European Commission. The EC probe on alleged price fixing is focusing on Norwegian salmon, despite raids taking place in the UK at the Scottish… Continue reading Norway: Regulator keeps eye on EU salmon price-fixing probe
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US: Fresenius purchase of NxStage approved
The US Federal Trade Commission (FTC) has given Germany’s Fresenius Medical Care and US home dialysis equipment maker NxStage Medical antitrust approval for their merger, the agency said on Tuesday, February 19. To win approval for the US$2 billion deal, the companies agreed to sell NxStage’s bloodline tubing set business, the agency stated. Fresenius and… Continue reading US: Fresenius purchase of NxStage approved
South America: LATAM Airlines Brazil officially passes to Chilean hands
Chile’s LATAM Airlines has asked Brazil’s antitrust regulator CADE to boost its voting stake in LATAM Airlines Brazil to 51%, formalizing a controlling interest in Brazil’s No. 2 airline reported Reuters. In December, Brazil’s then-President Michel Temer signed an executive order allowing foreigners, for the first time, to own up to 100% of domestic Brazilian… Continue reading South America: LATAM Airlines Brazil officially passes to Chilean hands
UK: Regulator condemns Sainsbury’s-Asda deal
Britain’s competition regulator has dealt a blow to Sainsbury’s planned US$9.5 billion takeover of Walmart’s Asda, stating the supermarket groups are unlikely to be able to address its “extensive” concerns about the deal. The Competition and Markets Authority (CMA) stated the proposed acquisition could result in consumers facing “higher prices, reduced quality and choice, and… Continue reading UK: Regulator condemns Sainsbury’s-Asda deal
Brazil: Petrobras looks to Santander to revive LPG unit sale
Brazil’s state-controlled oil company Petroleo Brasileiro has hired the investment banking unit of Banco Santander Brasil to revive efforts to sell its liquefied petroleum gas distribution unit, reported Reuters. Petrobras, as the company is known, had agreed in 2016 to sell Liquigas Distribuidora to local rival Ultrapar Participações in a process managed by the investment… Continue reading Brazil: Petrobras looks to Santander to revive LPG unit sale
US: Teva settles with FTC
The Federal Trade Commission (FTC) has reached a settlement with Teva Pharmaceuticals Industries over charges that its agreements with rivals impeded consumer access to lower-priced generic drugs, reported Reuters. Under the terms of the settlement, which is subject to court approval, the FTC will dismiss its claims against Teva and its affiliates in three outstanding… Continue reading US: Teva settles with FTC
Platforms, ads and the media?, Podcast
Traditional media has been transformed by technological change and across the world, governments and regulators are contemplating the impact of the disruption on the production and consumption of news. Central to this consideration is the influence of digital platforms, Google and Facebook particularly, which now in large part shape what news content we consume and… Continue reading Platforms, ads and the media?, Podcast
US: Generic drugs antitrust suit moves forward
A federal judge has rejected standing challenges brought by numerous pharmaceutical companies in an attempt to dismiss several antitrust and consumer protection class action claims leveled by entities that either purchased or resold generic drugs at allegedly inflated prices, reported Law.com The defendants, which consist of 25 pharmaceutical companies, had argued that plaintiffs did not have… Continue reading US: Generic drugs antitrust suit moves forward
EU: Vestager says EC not precluding future Facebook case
Facebook is not currently in EU regulators’ crosshairs, but it may well be in future because of the crucial role played by data, Europe’s antitrust chief said on Tuesday, February 19. European Competition Commissioner Margrethe Vestager’s comments came two weeks after the German cartel office ruled that the world’s largest social network abused its market… Continue reading EU: Vestager says EC not precluding future Facebook case
US: Facebook says it’s open to new regulation
Facebook, which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” His comments came following calls by lawmakers in the U.K. for large tech companies… Continue reading US: Facebook says it’s open to new regulation