Daimler and BMW intend to establish six joint ventures, bringing together the two companies' mobility services in various business fields including free-floating car sharing services. The European Commission found that the proposed transaction would raise competition concerns for car sharing in six cities, namely Berlin, Cologne, Düsseldorf, Hamburg, Munich and Vienna. To address the European [...]
NOCON has been appointed as monitoring trustee for the Competition and Markets Authority (CMA) in a completed merger case. The CMA issued interim measures requiring the merger parties to keep both businesses separate. It is NOCON's task to monitor compliance with these interim measures.
On 21st March 2018, the Bundeskartellamt cleared the acquisition of CIT Rail Holdings (Europe) S.A.S. by VTG Rail Assets GmbH subject to a condition precedent. VTG and CIT are active Europe-wide in the lease of rail freight wagons. The companies may only implement the merger once they have sold a substantial part of the target [...]
Monitoring trustee boutique NOCON has expanded its pool of sector experts. When monitoring compliance with remedies for competition authorities, NOCON regularly includes specialists in its trustee teams to advise on industry-specific issues. Recently, the following sector experts have joined NOCON’s pool of specialist advisers: Benedict Braus, financial services expert, independent consultant in the financial [...]
Divestment remedies are a common tool for competition authorities to eliminate competition concerns. Recently, there have been several cases where the divestment was mostly limited to key personnel without any other significant tangible or intangible assets. The transfer of personnel poses particular implementation risks as employees cannot be acquired like assets but are free to [...]
The CMA uses remedies to resolve competition concerns in merger proceedings. Successful remedy packages need to address the competition problem and be capable of effective implementation. A good understanding of the process and the key risks are important to manage the process successfully. This webinar provides an overview of the CMA’s remedies process and discusses [...]
On 9 March, the merger between ProSiebenSat.1Puls 4/ATV was cleared in phase 1 subject to conditions. The conditions include various obligations to maintain media plurality, including the commitment to maintain independent editorial staff at ATV and a minimum level of news and self-produced Austrian content. NOCON will support the merger parties with the implementation of [...]