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UAE/Germany: UAE’s largest divestment in years announced (Competition Policy International)

by 21st Century Competition | May 12, 2014 | Global Blogs

The United Arab Emirates is set to see its largest asset sale since the financial crisis as Dubai International Capital plans to divest its Germany-based packing company for $1.7 billion, according to reports. The Dubai Holding unit is set to sell Mauser, first...

US: New York upgrades outdated monopoly energy model (Competition Policy International)

by 21st Century Competition | May 12, 2014 | Global Blogs

New York state is reportedly resisting a century-old energy monopoly sales model in efforts to revamp the system and welcome solar and wind energy technology. The state’s first energy czar Richard Kauffman told reporters that the current system no longer works...

EU: Authorities need more time for Telefonica/KPN tie-up (Competition Policy International)

by 21st Century Competition | May 12, 2014 | Global Blogs

The European Commission has reportedly extended the deadline to rule on the proposed acquisition of KPN’s German asset E-Plus by Telefonica. The $11.83 billion buyout, first announced last summer, would see Telefonica-owned O2 acquire E-Plus. But the Commission...

France: Societe Generale wants Euribor fine recount (Competition Policy International)

by 21st Century Competition | May 12, 2014 | Global Blogs

French bank Societe Generale has reportedly appealed a $613.5 million fine issued for alleged manipulation of the Euribor benchmark rate, claiming authorities miscalculated the penalty. The appeal was filed in February but not published until Monday, when it appeared...

Scotland: Whiskey market slams India impostors (Competition Policy International)

by 21st Century Competition | May 12, 2014 | Global Blogs

Scotland’s whiskey industry is reportedly considering legal action against several India-based imports that are allegedly sending over cheap blends at below market cost, posing unfair competition against “genuine” producers. The Scotch Whiskey Association is...
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