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Cargotec-Konecranes deal highlights EU-UK regulatory differences; and CADE’s penalty reckoning
08 April 2022 00:00
The collapse of a deal involving two Finnish crane companies — Cargotec and Konecranes — as a result of regulatory obstacles has thrust into the spotlight differences in outlook between the UK and the European Union on mergers and acquisitions. The European Commission had been prepared to wave the deal through — albeit with undertakings from the companies to divest an array of assets; but the UK’s Competition and Markets Authority concluded that the undertakings on the table wouldn’t be enough to allay its fears of competitive harm. The deal highlighted and solidify the differences between those regulators that are prepared to work with undertakings; and those who aren’t. Also on the podcast today: Brazil’s CADE faces scrutiny over antitrust penalties.
04 April 2022 17:50 by Ana Paula Candiluliana Domingues has been appointed the national competition authority's attorney general
29 March 2022 16:01 by Andrew BoyceUK competition regulator’s block of Cargotec’s merger with Konecranes has set the tone for future split from the EC