The European Commission cleared the acquisition of agta record by ASSA ABLOY subject to commitments. The merger parties commited to divest the automated pedestrian door and the industrial high-speed door business in several European countries and to comply with certain behavioural commitments (see press release of the Commission). NOCON has been appointed as monitoring trustee [...]
The European Commission continues to clear a number of mergers subject to commitments. This webinar provides an excellent update on the Commission’s latest remedies practice: Overview of the EC’s merger remedies practice, including its general approach, recent cases and trends. Implementation of commitments: Use of upfront buyer obligations and new, hybrid forms of implementing the [...]
Telekom Deutschland GmbH and EWE AG will cooperate in the development of fibre-optic networks in parts of Lower Saxony, North Rhine-Westphalia and Bremen. The companies have undertaken to the Bundeskartellamt to carry out an extensive deployment and in future to grant third companies access to their network. NOCON has been appointed as monitoring trustee to [...]
NOCON has been appointed as monitoring trustee in the CMA merger investigation of the completed acquisition of Footasylum by JD Sports. NOCON will be tasked with monitoring compliance with the CMA’s interim measures and assisting the CMA with the consideration of derogation requests.
On 26 June 2019, the Austrian competition authority and the Federal Cartel Prosecutor cleared the acquisition of certain assets of DHL Paket (Austria) by Österreichische Post subject to behavioural remedies. Österreichische Post is obliged to offer third party logistic companies specific services and must not discriminate any third party without justification for a period of [...]
Join us for a webinar on Sep 18, 2019 at 11:00 AM BST. Following a number of cases where the CMA issued penalty notices and unwinding orders, the CMA has recently published an updated guidance document on interim measures in merger investigations. This webinar provides you with an overview of the CMA’s recent enforcement action [...]
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 [...]