What is the EU merger policy?

What is the EU merger policy?

The legal basis for EU Merger Control is Council Regulation (EC) No 139/2004, the EU Merger Regulation. The regulation prohibits mergers and acquisitions which would significantly reduce competition in the Single Market, for example if they would create dominant companies that are likely to raise prices for consumers.

What is merger filing?

Merger Control: General Guide to Filing A merger filing is an application submitted by merger parties to the relevant regulators in order to notify the regulators that the transaction will not result in a substantial lessening of competition in the relevant market and obtain a clearance to proceed with the transaction.

Who merged with 3?

The telecoms watchdog has opened the door to a mega-merger between Vodafone and Three UK after cooling its concerns around mobile consolidation.

What is a concentration merger control?

Mergers. A ‘concentration’ is the legal combination of two or more firms by merger or acquisition. Although such operations may have a positive impact on the market, they may also appreciably restrict competition, if they create or strengthen a dominant market player.

Why can EU block mergers?

The EU General Court ruled that the Commission must demonstrate with a “strong probability” that the effect on competition is “significant” to block a merger that does not create a dominant company.

How are mergers regulated worldwide?

Mergers & Acquisition are regulated by competition law. As merger & acquisition results into decrease of competition in the market so there is a need to regulate it.

What is a merger clearance?

Maintained. Permission authorizing the consummation of a merger or acquisition transaction from the appropriate competition commission and other oversight agencies. Also known as: Antitrust Clearance, Merger Control.

How do I file a merger?

A merger is filed by submitting a duly completed Commission form 12 and paying the applicable fee….After the Commission has considered a merger notification, it may make the following decisions:

  1. Approve the merger without any conditions.
  2. Approve the merger with conditions.
  3. Reject the merger.

Is Three and Vodafone the same?

No, Three & Vodafone run different networks.

Are Vodafone buying Three?

12 MAY 2022 Vodafone Group reportedly entered into talks to merge its UK operations with rival 3 UK, bringing together the third- and fourth-largest operators in the country and stepping up competition with BT Group’s EE and Virgin Media O2.

What is a Community dimension merger?

( ) Article 1(2) of the EC Merger Regulation stipulates that: ‘A concentration has a Community dimension where: (a) the combined aggregate worldwide turnover of all the undertakings concerned is more than EUR 5 000 mil- lion; and (b) the aggregate Community-wide turnover of each of at least two of the undertakings …

What is horizontal mergers?

A Horizontal merger is a merger between firms that produce and sell the same products, i.e., between competing firms.

Why are mergers regulated?

Federal and state laws regulate mergers and acquisitions. Regulation is based on the concern that mergers inevitably eliminate competition between the merging firms.

Can EU block merger?

Although mergers must comply with policies and regulations set by the commission; certain mergers are exempt if they promote consumer welfare. Mergers that fail to comply with the common market may be blocked.

What is the procedure for merger?

In order to pass the scheme of merging the companies and to work upon it a meeting of shareholders should be held by each company in which at least 75 percent of shareholders in each class must vote either in person or by proxy must approve the scheme of merging the companies.

What is a mandatory merger?

In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the “acquiring company” or “bidder”) to purchase some or all outstanding shares of another company (the “target”), as required by securities laws and regulations or stock exchange rules …

What is a phase 1 clearance?

There are two main conclusions of a phase I investigation: The merger is cleared, either unconditionally or subject to accepted remedies; or the merger still raises competition concerns and the Commission opens a phase II investigation. © European Commission. See also Clearance phase II (merger)

Are 02 and Vodafone the same?

O2 is very similar to Vodafone as a network. It doesn’t go quite as cheap as Three, nor is it as market-leading for speeds and features as EE but it takes the best of both worlds for a well-rounded package.