Category: Global Blogs

Germany: Government told to let go of Commerzbank stake (Competition Policy International)

Germany’s Monopolies Commission has reportedly recommended the government to sell its shares in Commerzbank first acquired in the wake of the financial crisis as part of bailout efforts.

Reports say the head of government advising body the Monopolies Commission, Daniel Zimmer, presented a report and stated that “the monopoly commission actually …read more

US: Fuel group slams oil giants for anticompetitive market (Competition Policy International)

The Renewable Fuels Association released a report Tuesday that found reason to accuse the nation’s five largest oil companies are using anticompetitive tactics to limit consumer choice in the gasoline industry.

According to reports, the RFA found that gas giants Exxon, BP, ConocoPhillips, Shell and Chevron are using certain business practices …read more

China: MOFCOM to allow Lenovo/IBM deal (Competition Policy International)

China’s Ministry of Commerce will reportedly allow IBM to sell its low-end server business to Lenovo Group in a $2.3 billion transaction.

Reports say MOFCOM approved of the acquisition, first announced in January, despite recent reports that US national security could be at stake due to the deal.

The buyout remains subject …read more

EU: Commission reaches deal on Germany green energy (Competition Policy International)

The European Commission announced Wednesday that it has reached an agreement with Germany regarding the nation’s green energy tax rules, which came under the Commission’s spotlight over concerns they were unfairly favoring certain companies.

At a press conference, Commissioner Almunia said the Commission “reached a definitive final agreement” on the matter, …read more