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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...

US: FCC’s Wheeler grilled at House subcommittee hearing (Competition Policy International)

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

According to reports, the head of the Federal Communications Commission, Tom Wheeler, approached the Obama Administration to discuss the debate over net neutrality rules before the FCC announced its proposals last week. Reports say Wheeler answered questions Tuesday...
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