Mergers & Acquisitions Mergers & Acquisitions

Nidec's remedies waiver in Embraco deal the subject of rival’s EU court challenge

By Andrew Boyce
  • 09 Nov 2020 08:13
  • 10 Nov 2020 03:04

Nidec’s waiver from certain commitments it offered to win EU approval for its takeover of Embraco is the subject of a legal challenge from rival compressors maker Italia Wanbao-ACC, according to a document published today.

Italia Wanbao-ACC argues that the European Commission wrongly applied and misinterpreted the legal rules and distorted

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