The European Commission has approved the proposed acquisition of Varian Medical Systems by Siemens AG, through its subsidiary Siemens Healthineers. The approval is conditional on full compliance with the commitments offered by Siemens to ensure the interoperability of the companies' medical imaging and radiotherapy solutions with third-party solutions. NOCON has been appointed as monitoring trustee [...]
On 25 November 2020, the German Federal Cartel Office (Bundeskartellamt) cleared the planned acquisition by the Austrian XXXLutz Group of 50 percent of the shares in tejo Möbel Management Holding GmbH & Co. KG and Roller GmbH & Co. KG subject to conditions. According to the Bundeskartellamt's decision 23 furniture stores must be sold to [...]
The Hong Kong Competition Commission retained NOCON to provide advice on the design of commitments in its investigation of the Hong Kong Seaport Alliance. The commitments, which include a cap on gateway cargo handling charges, have been accepted by the Competition Commission following an investigation into whether the alliance contravenes competition law. The Commission had [...]
The German Federal Cartel Office (Bundeskartellamt) has cleared the merger between the cinema chains CinemaxX and Cinestar subject to the condition that the cinema operators divest cinemas at six different locations to other operators before implementing the merger. NOCON has been appointed as monitoring trustee to monitor compliance with the conditions.
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 [...]