European Commission fines Mastercard €570 million in relation to cross-border card payment services The European Commission has fined the card scheme Mastercard €570 million for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the EU for card payment services. Click here.
CMA clears airport services merger
The CMA has today cleared Menzies Aviation’s takeover of part of Airline Services’ business after an in-depth investigation. The CMA found that the market for ground handling services has a strong recent history of companies entering and competing for contracts. The CMA also found that Menzies and Airline Services are not close competitors in the market for de-icing services. Click here.
Competition Appeal Tribunal finds CMA deadlines in Sainsbury’s/Asda merger unfair
Deadlines imposed by the CMA in the Sainsbury’s/Asda merger have been found unfair by the Competition Appeal Tribunal. The deadlines related to responses to CMA working papers and the timing of the main parties’ hearing with the CMA. Click here.
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- The ECJ has dismissed an appeal by the European Commission against a General Court judgment that annulled the Commission's 2013 decision prohibiting the proposed acquisition of TNT by UPS. Click here.
- The European Commission has approved the proposed acquisition of Solvay's nylon business by BASF. The approval is conditional on the divestiture of a remedy package. Click here.
- The CMA has published the final version of updated guidance on its investigation procedures in Competition Act 1998 cases. Click here.
- The CMA has referred the anticipated acquisition by Top Online Partners Group Limited (TopCashback) of Maple Syrup Group Limited and its subsidiaries (Quidco) for an in-depth phase 2 merger investigation, following the parties deciding not to offer undertakings in lieu of a reference. The CMA is concerned that the merged company could decrease the amount of cashback paid to shoppers and increase advertising prices for businesses. Click here.