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Global: Energy M&A reaches record-setting Q1 figures (Competition Policy International)

by 21st Century Competition | May 21, 2014 | Global Blogs

Gas and oil merger and acquisition deals struck in the first quarter reached a record-setting $39 billion worth of transactions, according to reports. According to reports, that value is up 75 percent from M&A deals in the same quarter in 2013. The data was...

South Korea: State power monopoly suspected of unfair activities (Competition Policy International)

by 21st Century Competition | May 21, 2014 | Global Blogs

South Korean competition authorities are reportedly probing the Korea Electric Power Corp., a state-run utility, over suspicions of anticompetitive behavior, according to insider sources. Reports say the Fair Trade Commission raided offices of KEPCO and affiliated...

Poland: ThyssenKrupp unit raided for bid-rigging (Competition Policy International)

by 21st Century Competition | May 21, 2014 | Global Blogs

Germany steel giant ThyssenKrupp confirmed Wednesday that its Poland-based operations are now the subject of an investigation regarding claims of bid-rigging and have been raided by antitrust officials. Reports say the rail technology offices in Poland were searched...

Global: Google has $30B in offshore cash for acquisition targets (Competition Policy International)

by 21st Century Competition | May 21, 2014 | Global Blogs

Google reportedly has as much as $30 billion in cash outside of the US that it could use for mergers and acquisitions, the company said in a filing with the Securities and Exchange Commission. ”We continue to expect substantial use of our offshore earnings for...

UK: Labour Party wants Ofgem included in CMA energy inquiry (Competition Policy International)

by 21st Century Competition | May 21, 2014 | Global Blogs

Shadow energy and climate change secretary Caroline Flint has reportedly sent a letter to the UK’s Competition and Market Authority asking the authority to include energy watchdog Ofgem in its inquiry into the energy industry ahead of the CMA’s decision on...
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