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In response to the European Commission’s concerns over Hutchinson Whampoa Ltd.’s proposed acquisition of Orange Austria, Hutchinson made a new offer of concessions to antitrust regulators, though a spokeswoman for Hutchinson declined to comment on the concessions’ exact content. The proposed deal would have Hutchinson acquire Orange Austria for $1.7 billion. The EC expressed concerns… Continue reading Austria: Hutchinson responds to EU concerns over Orange buyout with new offer

The Minister of Industry announced John Pecman will take over as interim Commissioner of Competition for up to a one-year term before a permanent Commissioner is decided within the coming months, according to a press release from the Minister of Industry. Pecman has held previous positions as Bureau investigator and senior manager, as well as… Continue reading Canada: Minister of Industry announces interim Commissioner

Increased regulation that aims to protect consumers from the mis-selling of complex consumer products may actually backfire and make Australia’s market even less competitive. While many of these regulations are necessary considering the limits of self-regulation, they may also reinforce the “too-big-to-fail” dynamic of local companies, which proved to be a “moral hazard” to the… Continue reading Australia: Regulation may weaken competition

Russia’s top oil company Rosneft has announced a $55 billion deal to buy BP’s share of TNK-BP, who will subsequently be made a one-fifth Rosneft shareholder in an agreement that puts two BP seats on Rosneft’s board. The deal would pull Rosneft ahead of Exxon Mobil in gas- and oil-flow, and allows the company to… Continue reading Russia: Rosneft buys BP’s half of TNK-BP

The Kenyan Competition Authority has announced approval for Aviva Corporation Ltd to sell its Aviva Mining Kenya Limited to African Barrick Gold, a plan first announced last July. The sale was established with an initial payment of A$20 million for AMK to Aviva, with a further payment of A$10 million under a binding sale and… Continue reading Kenya: KCA approves sale of Aviva Mining to African Barrick Gold

Canadian mining and project infrastructure firm Fasken Martineau DuMoulin LLP has acquired South Africa’s Bell Dewar Inc, increasing presence and power for the Canadian company in Africa. The move, announced Monday, comes as part of Fasken Martineau’s efforts to extend its reach in the continent where, says managing partner David Corbett, the firm has focused… Continue reading South Africa: Canadian mining firm increases presence in Africa

Japan’s Fair Trade Commission has issued its third warning against land and infrastructure minister Yuichiro Hata to correct his ministry’s participation in bid-rigging, specifically in pre-arranging winners of tenders for public works contracts. Previous warnings for similar violations were issued in 2007 and 2009. The charges are aimed at six deputy heads of local-level offices… Continue reading Japan: Land ministry continued bid-rigging violations after JFTC warning