Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS: EC approves acquisition of joint control over Airflo by Panalpina, (Jan 12, 2016)

By Michael Menzhuber, J.D., LL.M.

The European Commission (EC) has cleared under the European Union (EU) merger regulation the acquisition of joint control over Airflo B.V. of the Netherlands and Airflo Ltd, of Kenya (together, “Airflo”) by Panalpina of Switzerland and ...

By Michael Menzhuber, J.D., LL.M.

Airflo, an air freight forwarder of fresh cut flowers out of Kenya, is currently a subsidiary of Dutch Flower Group, a global trader of fresh cut flowers and plants. Panalpina provides freight forwarding services and supply chain solutions.

The EC concluded that the proposed transaction would raise no competition concerns because of the negligible overlap between the companies’ activities on the market for freight forwarding from Kenya and their limited combined market shares on the other markets for freight forwarding.

Saipem acquisition. The EC has cleared under the EU merger regulation the acquisition of joint control of Saipem S.p.A. by ENI S.p.A. and Fondo Strategico Italiano S.p.A. (“FSI), all of Italy

Saipem S.p.A. is active globally in engineering and construction for the oil and gas industry. ENI S.p.A. is active globally in the whole oil and gas value chain, as well as in the generation and sale of electricity, and the petrochemical and engineering sectors. FSI is a holding company investing directly or indirectly in companies of “significant national interest” to Italy.

The EC concluded that, given the significant number of alternative competitors active on all markets concerned, the proposed transaction would raise no competition concerns.

Unify acquisition. The EC also has cleared the acquisition of Unify Holdings B.V. of the Netherlands by Atos of France.

Unify Holdings B.V. is a provider of unified communications products and solutions. Atos is a global provider of IT services and hardware.

The EC concluded that, because the overlap between these companies’ activities are very limited, the proposed acquisition would raise no competition concerns.

Companies: Airflo B.V.; Airflo Ltd.; Panalpina; Dutch Flower Group; Saipem S.p.A.; Fondo Strategico Italiano S.p.A.; Unify Holdings B.V; Atos

News: AcquisitionsMergers Antitrust

Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS: EC approves acquisition of joint control over Airflo by Panalpina, (Jan 12, 2016)

By Michael Menzhuber, J.D., LL.M.

Saipem acquisition. The EC has cleared under the EU merger regulation the acquisition of joint control of Saipem S.p.A. by ENI S.p.A. and Fondo Strategico Italiano S.p.A. (“FSI), all of Italy

The EC concluded that, given the significant number of alternative competitors active on all markets concerned, the proposed transaction would raise no competition concerns.

Unify acquisition. The EC also has cleared the acquisition of Unify Holdings B.V. of the Netherlands by Atos of France.

Unify Holdings B.V. is a provider of unified communications products and solutions. Atos is a global provider of IT services and hardware.

The EC concluded that, because the overlap between these companies’ activities are very limited, the proposed acquisition would raise no competition concerns.

Companies: Airflo B.V.; Airflo Ltd.; Panalpina; Dutch Flower Group; Saipem S.p.A.; Fondo Strategico Italiano S.p.A.; Unify Holdings B.V; Atos

News: AcquisitionsMergers Antitrust