Category: Global Blogs

Finland: Dairy CEO exits after competition penalties (Competition Policy International)

After Finland fined the nation’s top dairy producer, Valio, reports say the company’s CEO has left the firm, likely as a result of the sanctions.

Valio was forced to pay about $113 million for pricing its products at below market costs to undermine competition. The firm was found to have abused …read more

Hungary: Concrete cartel shattered by regulators (Competition Policy International)

Hungarian competition authorities have imposed millions of dollars of fines on several concrete companies after they were found to have formed an anticompetitive cartel, say reports.

Eight cement producers were sanctioned a total of $12.3 million for running the cartel between 2007 and 2007, as discovered by the GVH competition watchdog. …read more

Canada: Foreign ownership soars in last decade (Competition Policy International)

Over the last 10 years, Canada has often been the aggressor when it comes to foreign mergers and acquisitions, according to M&A International.

M&A International president Howard E. Johnson released the findings that counter recent concerns of foreign entities buying up Canadian companies, reports say. “Many people might be surprised to …read more

US: Blood meter product makers launch antitrust feud (Competition Policy International)

Reports said Tuesday that the company UniStrip, which manufacturers test strips for blood glucose meters, has sued a maker of those meters for antitrust violations.

UniStrip filed the case against LifeScan, which makes the OneTouch Ultra blood glucose meter, on claims of anticompetitive behavior. The lawsuit accuses LifeScan of unfairly blocking …read more