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Switzerland: Petrochemical firm buys out of joint venture (Competition Policy International)

by 21st Century Competition | Jun 30, 2014 | Global Blogs

Petrochemical conglomerate Ineos announced Monday that it has purchased chemical group BASF’s share of the companies’ joint venture. The Swiss company acquired BASF’s 50 percent stake in the partnership, known as Styrolution, in a $1.5 billion...

Spain/US: Madrid divestitures could aid tobacco merger (Competition Policy International)

by 21st Century Competition | Jun 30, 2014 | Global Blogs

While two US tobacco giants are likely facing antitrust issues in their quest to merge, reports say deal from Spain could aid the transaction. Reynolds American has been looking to acquire Lorillard for several months, reports say, though sources have told reporters...

EU: Almunia wants rate-rigging cases closed (Competition Policy International)

by 21st Century Competition | Jun 30, 2014 | Global Blogs

European Commissioner Joaquin Almunia is looking to tie up loose ends before he exits the position later this year. According to reports, the Commissioner said he hopes to end cases into major banks accused of benchmark interest rate manipulation by October, when he...

France: Numericable secures Virgin Mobile buy (Competition Policy International)

by 21st Century Competition | Jun 30, 2014 | Global Blogs

Just two months after Numericable emerged victorious after a bidding war to acquire wireless operator SFR, the French cable company has reportedly struck a deal to acquire Virgin Mobile France. Reports say Carphone Warehouse, which is in the midst of its own takeover...

EU: Roaming fees cut in time for summer holidays (Competition Policy International)

by 21st Century Competition | Jun 30, 2014 | Global Blogs

As summer holiday planning gets underway, the European Commission has enacted rules that cut wireless roaming fee charges, reports say. The price cuts, which come into effect today, apply to all 28 EU member states, Iceland, Norway and Liechtenstein, though do not...
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