Page 44 - Consumer Authority News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Clarifications from competition authority on negative control 17:59 | 20/04/2021 The definition of “control” is important to determine if a transaction may be caught by the new merger filing requirements under the Law on Competition 2018 and Decree No.35/2020, taking effect on May 2020, on detailed regulations of a few provisions of this law. Clarifications from competition authority on negative control, illustration photo Pursuant to Article 29.4 of the law, economic concentration in the form of acquisition will be triggered (and, further, may lead t...

M&A on cusp of post-COVID-19 surge 20:00 | 20/04/2021 Global M&A dealmaking has got back its momentum in the first quarter. Photo: Shuttlerstock According to the first-quarter global review by Refinitiv, a global provider of financial market data, mergers and acquisitions (M&A) activity hit $1.3 trillion globally in the period, an increase of 94 per cent compared to the same period in 2020. Cross-border activity more than doubled and was the strongest opening quarter for cross-border deals on record, with the technology, financial, and industrial sectors accoun...

Merger of Finnish booze firm Altia and Norway's Arcus gets conditional OK from regulator State-owned Altia's brands include Koskenkorva and Jaloviina, while Arcus markets the bitter tipple Gammel Dansk. File photo of Altia's Koskenkorva grain spirit. Image: Henrietta Hassinen / Yle The Finnish Competition and Consumer Authority (FCCA) has conditionally approved the merger of state-owned spirits maker Altia with Norwegian booze company Arcus, according to a statement issued by Altia on Monday. The FCCA said that in order to gain full approval, Altia would need to divest ownership of its aquav...

Tryg’s Supervisory Board has today approved the interim report for Q1 2021. Premium growth of 6.2% (8.9% in Q1 2020), a technical result of DKK 751m (DKK 672m) positively impacted by good development in the core business, the delivery of Alka synergies partly offset by higher weather claims compared to the prior-year period. Investment income of DKK 343m primarily driven by good returns on equities, positive returns on free and match portfolios. Profit before tax of DKK 1,022m (DKK -372m). Quarterly dividend of DKK 700m or DKK 1.07 per share, demonstrating a strong dividend commitment even ...

HEINEKEN Vietnam must check local distribution agents over anti-competitive accusations 21:27 | 16/04/2021 HEINEKEN Vietnam was asked to check its local distribution agents and reinforced legal compliance due to accusations of anti-competitive conduct, serving as a warning for others in this fiercely competitive market. HEINEKEN Vietnam was reported to have been squeezing local distributors to focus on promoting and selling its products Recently HEINEKEN Vietnam came under fire due to allegations that it has been squeezing local distributors to focus on its ...