Brussels, Belgium, 05-12-2013 — /EuropaWire/ — The European Commission has fined 8 international financial institutions a total of € 1 712 468 000 for participating in illegal cartels in markets for financial derivatives covering the European Economic Area (EEA). Four of these … Read the full press release
Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law
Tagged Barclays, cartels, Citigroup, Competition, Deutsche Bank, EURIBOR scandal, European Economic Area, financial derivatives cartels, fines, forward rate agreements, Futures, interest rate derivatives, international banks, Joaquin Almunia, JPMorgan, LIBOR scandal, Options, RBS, RP Martin, SOCIÉTÉ GÉNÉRALE, swaps, The European Commission, transparency, UBS, € 1.71 billion
Brussels, Belgium, 26-11-2013 — /EuropaWire/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Life Technologies Corp. by rival Thermo Fisher Scientific Inc., both US-based companies active in life science markets. Their activities overlap in the supply … Read the full press release
Posted in Business, European Union, Financial, Government, Healthcare, Investment, Law, Pharma & Biotech, Science
Tagged acquisition, Competition, divestments, EU Merger Regulation, European Economic Area, gene silencing products, Joaquin Almunia, laboratory instruments, Life Science, Life Technologies Corp., media and sera for cell culture, Mergers, polymer-based magnetic beads, The European Commission, Thermo Fisher Scientific Inc.
Brussels, Belgium, 20-11-2013 — /EuropaWire/ — The European Commission has decided that aid granted by France to ALSTOM and the Régie Autonome des Transports Parisiens (RATP) – through their joint subsidiary METROLAB – for the implementation of the research and development (R&D) … Read the full press release
Brussels, Belgium, 5-11-2013 — /EuropaWire/ — The European Commission has opened an in-depth investigation to assess whether the planned combination of the European chlorvinyls businesses of INEOS of Switzerland and Solvay of Belgium into a newly created joint venture was in line … Read the full press release
Posted in Belgium, Business, Chemicals, European Union, Government, Investment, Law, Management, Switzerland
Tagged bleach, EU Merger Regulation, European Commission, INEOS, Joaquin Almunia, joint venture, Mergers, PVC business, S-PVC, sodium hypochlorite, Solvay
Brussels, Belgium, 16-10-2013 — /EuropaWire/ — The European Commission has found that aid to four projects aimed at improving and expanding the Greek gas network complies with EU state aid rules. These projects aim at increasing the gas transmission capacity and security … Read the full press release
Posted in Energy, Gas & Oil, European Union, Government, Greece, Infrastructure & Utilities, Investment, Law
Tagged aid, Commission, DESFA, distorting competition, EU energy goals, EU internal market, EU state aid rules, European Commission, gas infrastructure, Greek gas infrastructure projects, Greek gas network, Greek state, Joaquin Almunia, reducing CO2 emissions, state aid
Brussels, Belgium, 02-10-2013 — /EuropaWire/ — The European Commission has concluded that a planned monetary compensation in favour of Simet SpA, which provides bus services to and from Calabria, is incompatible with EU state aid rules. By a judgment of March 2010, … Read the full press release
Posted in Automotive, Belgium, Business, European Union, Financial, Government, Italy, Law, Transportation & Logistics
Tagged Antoine Colombani, bus services, Calabria, Consiglio di Stato, EC, EU state aid rules, Joaquin Almunia, Maria Madrid Pina, public service compensation, Public Service Transport Regulation, Simet SpA, state aid
Brussels, Belgium, 02-10-2013 — /EuropaWire/ — The European Commission has decided that the aid granted by France to the motor vehicle manufacturer Renault to help it conduct the ‘HYDIVU’ research and development programme complies with the EU rules on state aid. The … Read the full press release
03-9-2013 — /EuropaWire/ — The European Commission has approved a plan to orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA). The Commission found that the plan presented by the Austrian authorities is compatible with EU state aid rules. Together … Read the full press release
Posted in Austria, Banks, Business, European Union, Financial, Government, Investment
Tagged Antoine Colombani, Carinthia, debt issuance programme, EU state aid rules, HGAA, Hypo Alpe Adria Bank-International, Joaquin Almunia, Klagenfurt, Maria Madrid Pina, Partizipationskapital, risk weighted assets, Tier-1 instrument capital injection
30-7-2013 — /EuropaWire/ — Following an in-depth investigation (see IP/13/392), the European Commission has concluded that restructuring aid of EUR 571.9 million granted by France to the PSA group is compatible with the internal market. In particular, the updated structuring plan will help to restore … Read the full press release
18-7-2013 — /europawire.eu/ — The European Commission has referred Greece to the European Court of Justice (ECJ) for failing to comply with two distinct Commission decisions that ordered Greece to recover incompatible state aid from three Greek casinos (see IP/11/635) and from … Read the full press release
Posted in Belgium, Business, European Union, Financial, Government, Greece, Law
Tagged Aluminium of Greece SA, European Court of Justice, Greek casinos, incompatible aid, Joaquin Almunia
17-7-2013 — /europawire.eu/ — The European Commission has found support granted by Latvia for the transformation of the Latvian Mortgage and Land Bank (MLB) to be in line with EU state aid rules. In particular, the sale of MLB’s commercial assets … Read the full press release
Posted in Banks, Business, European Union, Financial, Government, Latvia, Law
Tagged Competition, EU state aid rules, Joaquin Almunia, Latvian Mortgage and Land Bank, MLB, state aid, The European Commission
5-7-2013 — /europawire.eu/ — The European Commission has authorised a Swedish scheme to subsidise combined work-and-training contracts for young workers aged 15 to 24 (Vocational Introduction Employment) under EU State aid rules. The measure will contribute to the fight against youth … Read the full press release
Posted in Belgium, European Union, Financial, Government, Law, Sweden
Tagged Joaquin Almunia
4-7-2013 — /europawire.eu/ — The European Commission has opened an in-depth investigation to verify whether Polish plans to fund the conversion of the former military airport Gdynia-Kosakowo (Poland) into a civil aviation airport are in line with EU state aid … Read the full press release
Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has imposed a fine of € 93,8 million on Danish pharmaceutical company Lundbeck and fines totalling € 52,2 million on several producers of generic medicines. In 2002, Lundbeck agreed with each of these … Read the full press release
Posted in Belgium, Business, Denmark, European Union, Financial, Government, Healthcare, Law, Pharma & Biotech, Society
Tagged anticompetitive agreements, antidepressant medicine, ANTITRUST, blockbuster antidepressant, citalopram, citalopram molecule, EU antitrust rules, fine, generic medicines, Generics UK, Joaquin Almunia, lump sums, Lundbeck, medicines, Merck KGaA, Patents, pharmaceutical company, Ranbaxy, Zoetis
Brussels, 19-6-2013 — /europawire.eu/ — The European Commission has adopted guidelines on how Member States can grant investment aid to companies in order to support the development of disadvantaged regions in Europe between 2014 and 2020. These guidelines are part of … Read the full press release
Brussels, 11-6-2013 — /europawire.eu/ — Antitrust: Commission proposes legislation to facilitate damage claims by victims of antitrust violations. The European Commission has adopted a proposal for a Directive on how citizens and companies can claim damages when they are victims of infringements … Read the full press release
Brussels, 6-6-2013 — /europawire.eu/ — The European Commission has found that investment aid totalling €7.75 million to finance an infrastructure project at Memmingen airport is in line with EU state aid rules. Memmingen airport is a small regional airport located in South … Read the full press release
Posted in Aviation & Aerospace, Belgium, European Union, Financial, Germany, Government, Infrastructure & Utilities, Law, Politics, Transportation & Logistics, Travel
Tagged AIRPORT, Bavaria, Competition, EU state aid rules, Free State of Bavaria, German airport Memmingen, investment aid, Joaquin Almunia, Memmingen, South Germany, state aid
Brussels, 29-5-2013 — /europawire.eu/ — Following an in-depth review, the European Commission has approved under the EU Merger Regulation the proposed acquisition of Mach of Luxembourg by Syniverse of the US. The approval is conditional upon the divestiture of Mach’s Data Clearing (“DC”) services … Read the full press release
Posted in Belgium, Business, European Union, Government, Investment, Law, Luxembourg, Technology, Telecom
Tagged acquisition, acquisition deal, Data Clearing, Data Clearing House, deal, EU Merger Regulation, European Economic Area, Joaquin Almunia, MACH, Mach's Data Clearing, Mergers, Near Trade Roaming Data Exchange, NRTRDE, Syniverse
Brussels, 27-5-2013 — /europawire.eu/ — Following an in-depth investigation (see IP/12/1338), the European Commission has approved under the EU Merger Regulation the proposed merger of Munksjö AB of Sweden and the label and processing paper business of Ahlstrom Corporation of Finland in the … Read the full press release
Posted in Belgium, Business, European Union, Financial, Finland, Government, Industrial, Investment, Law, Sweden
Tagged abrasive paper, abrasive products, Ahlstrom, Ahlstrom Corporation, Brussels, deal, décor paper, divestment, European Economic Area, heavy weight abrasive paper backings, Joaquin Almunia, label business, MERGER, Munksjö, Munksjö Oyj, Osnabrück, paper business, pre-impregnated paper, processing paper
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