Category: Global Blogs

UK: CMA denies full probe for property leaseholders (Competition Policy International)

The UK’s Competition and Markets Authority revealed new information regarding its ongoing inquiry into the property management industry, but reports say that while the watchdog has found some questionable business practices, it will not refer the industry to a full market investigation.

The CMA released a report on its ongoing probe …read more

France/Germany: BNP Paribas grabs online banking assets (Competition Policy International)

French bank BNP Paribas announced Friday it has reached an agreement to acquire Germany-based online brokerage firm DAB Bank.

According to reports, BNP Paribas will acquire more than 80 percent of DAB for about $475 million. The buyout, the French bank said, is part of efforts to expand its digital banking …read more

Brazil: America Movil accelerates merger plans (Competition Policy International)

Following Brazil antitrust regulator CADE’s approval of the plan, the Brazilian units of Mexico-based America Movil are reportedly boosting their merger plans, announcing expectations to wrap up the deal by the end of the year.

America Movil, headed by media mogul Carlos Slim, operates wireless operator Claro, long-distance fixed-line telco Embratel …read more

US: Scientific Games hits the jackpot with $5.1B lottery takeover (Competition Policy International)

Scientific Games, a top developer of lottery and technology-based gaming products, announced Friday it has reached an agreement to acquire gaming giant Bally Technologies in a $5.1 billion transaction.

In a statement, the companies said the combination will create a global lottery and gaming company with worldwide distribution.

According to reports, the …read more