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Competition Commission
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South African Regulator Approves AB InBev's $100bn Acquisition of SABMiller with Conditions
Jun 3, 2016South African competition commission has given conditional approval of Anheuser-Busch InBev’s $100bn acquisition of SABMiller. The Commission has given to the recommendations to the Competition Tribunal following an investigation ...
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PM Announces Effects Test’Is To Come
Mar 18, 2016Australian prime minister Malcolm Turnbull has today announced that the ‘effects test’ will be introduced into the Australian Competition and Consumer Act. Introducing the test will change Section 46 of the Competition and ...
Tags: PM, Effect test, ACCC, Consumer Act
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Hyundai Found Guilty of Violating The Norms in India
Jul 30, 2015The Competition Commission of India (CCI) has taken to task Hyundai Motor India for not conforming to the provisions of Competition Act, 2002, slapping fines worth $66m on the South Korean automaker. Two other automakers, namely, Mahindra ...
Tags: Hyundai Motor, Electric Car
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Dawn Meats Has Received Approval for The Proposed Acquisition of a 49% Stake
Jul 6, 2015Dawn Meats has received approval for the proposed acquisition of a 49% stake in French beef and veal processor Elivia from the EU Competition Commission. Upon completion of the deal, Dawn Meats will have an option to increase its ...
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O-I Is Buying Mexican Company Vitro's Food and Beverage Glass Container Business
May 18, 2015Glass container manufacturer Owens-Illinois (O-I) is buying Mexican company Vitro's food and beverage glass container business for around $2.15bn, to gain a competitive position in the Mexican glass packaging market. O-I will acquire ...
Tags: Owens-Illinois, Glass Container, Packaging
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CCI Approved The Reliance Industries to Sell 49% Stake to Chinese Company Shandong Ruyi
Mar 12, 2015Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the ...
Tags: Reliance Industries, Shandong Ruyi
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HPL to Reopen Plant as Lenders Agreed to Infuse Fresh Funds Into Loss Making Company
Jan 12, 2015West Bengal based and since long ailing, Haldia Petrochemicals Ltd (HPL) is expected to reopen its plant as lenders have agreed to infuse fresh funds into the loss making company. After Purnendu Chatterjee, chairman of The Chatterjee ...
Tags: technical snag, Textile
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The Cutrale and Safra Group Has Extended Tender Offer for The Acquisition
Dec 30, 2014The Cutrale and Safra Group has extended its previously announced tender offer for the acquisition of US-based banana producer Chiquita Brands International until 12:00 midnight, New York City time, at the end of the day on January 5, 2015. ...
Tags: farming, processing, technology, sourcing, Agriculture
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Cutrale and Safra Groups Announced That The Previously Announced Tender Offer
Dec 29, 2014The Cutrale and Safra Groups announced that the previously announced tender offer by its affiliate, Cavendish Acquisition Corporation, for all outstanding shares of common stock of Chiquita Brands International at a price of $14.50 per ...
Tags: antitrust laws, Agriculture
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Danish Brewer Carlsberg Is Planning to Merge Its Mythos Brewery with Olympic Brewery
Nov 21, 2014Danish brewer Carlsberg is planning to merge its Mythos Brewery with Olympic Brewery, in order to expand its market share in Greece. Carlsberg will own 51% of the combined company while the current shareholders of Olympic Brewery will ...
Tags: Market Share, Mythos Brewery, Agriculture
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Consorcio Comex Said on Wednesday It Was Suing Sherwin-Williams Over Failed Takeover
May 16, 2014According to Reuters, Mexican paint company Consorcio Comex said on Wednesday it was suing Sherwin-Williams over the U.S. paint maker's failed attempt to acquire it, arguing that the U.S. company had not tried hard enough to honor a deal ...
Tags: Construction, Decoration
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Premier Taken Over The Wheat and Flour Milling Operation of Swaziland-Based Ngwane Group
Feb 13, 2014UK-based Premier Foods has taken over the wheat and flour milling operation of Swaziland-based Ngwane Group for ZAR100m. The Swaziland Competition Commission (SCC) has approved the transaction, subject to certain conditions. The ...
Tags: Premier Foods, wheat, flour milling
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CCI Has Approved The Proposed Merger Between Uttam Galva and Shree Uttam Steel Merger
Jan 7, 2014The Competition Commission of India (CCI) has announced that it has approved the proposed merger between Indian steelmakers Uttam Galva Steels Limited (UGSL) and Shree Uttam Steel and Power Limited (SUSPL). The CCI stated that the ...
Tags: steel, metallurgy
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Cementos Molins to Offset Domestic Losses Allowed at The Time of Exports
Nov 27, 2013The third-quarter consolidated net profit of Spain’s Cementos Molins fell 65.5 per cent YoY to EUR10.8m. The company’s international subsidiaries enjoyed a profit of EUR43.3m, offsetting the EUR32.5m loss registered in the ...
Tags: export, Cementos Molins, offset, domestic, loss
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Diageo Has Confirmed It Is Considering Selling Most of W&M Whisky Distilleries
Nov 26, 2013Global drinks giant Diageo has confirmed it is considering selling most of the Whyte & Mackay (W&M) whisky distilleries it gained by taking over India’s United Spirits. Diageo is offering a deal to offset competition concerns about ...
Tags: Diageo, mull, sale, Whyte&Mackay distillery