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EU: Whirlpool business boosted with latest deal (Competition Policy International)

by 21st Century Competition | Jul 15, 2014 | Global Blogs

Whirlpool stocks were bumped up after the world’s largest home appliance producer announced plans to acquire Italy’s Indesit. According to reports, Whirlpool inked a deal with Fineldo to acquire its shares in the Italian company; the parties agreed on a...

Switzerland: Car leasers probed for price-fixing (Competition Policy International)

by 21st Century Competition | Jul 15, 2014 | Global Blogs

Car leasing companies in Switzerland were searched by competition authorities on suspicion of price-fixing, according to reports. Switzerland’s Competition Commission released a statement Tuesday announcing that it had conducted several dawn raids of financing...

Austria: America Movil nabs majority Telekom Austria stake (Competition Policy International)

by 21st Century Competition | Jul 15, 2014 | Global Blogs

Mexico’s America Movil official has a majority stake in Telekom Austria, according to reports. America Movil launched an offer for all outstanding Telekom Austria shares in May; late last week, the Mexican company closed the deal for more than $1 billion....

Sweden/Finland: SSAB nails down $1.6B steel merger (Competition Policy International)

by 21st Century Competition | Jul 15, 2014 | Global Blogs

Swedish steelmaker SSAB has reportedly won regulatory approval to acquire Finnish rival Rautaruukkii in a $1.6 billion transaction. The European Commission cleared the deal after SSAB offered to divest assets in Finland, Sweden and Norway to appease competition...

US: States put pressure on car insurers (Competition Policy International)

by 21st Century Competition | Jul 15, 2014 | Global Blogs

Louisiana became the sixth state on Tuesday to sue various car insurers for antitrust allegations regarding the way the insurers treat auto body shops, according to reports. Dozens of shops are listed in Louisiana’s suit, reports say, and several more are...
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