PARIS, FRANCE: Crédit Agricole and Worldline have received the green light from the European Commission to establish a joint venture aimed at revolutionizing digital payment services for merchants across France. The partnership is set to position the new entity as a formidable force in the French payment services sector. The inaugural Board meeting, which took…
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AstraZeneca’s acquisition of Alexion cleared by European Commission
LONDON, UK: AstraZeneca‘s proposed acquisition of Alexion Pharmaceuticals Inc. has achieved an important step towards completion by having cleared the European Commission review. The clearance follows competition clearances in the United States, Japan and other countries globally, with a complete list available on astrazeneca.com. Regulatory clearance in the UK is pending and remains a requirement to…
European Commission clears merger of Vodafone Italy towers and INWIT
LONDON: The European Commission has cleared the combination of Vodafone Italy’s towers with INWIT’s passive network infrastructure, creating Europe’s second largest listed tower company with over 22,000 towers. Following constructive talks with the European Commission, Vodafone and TIM have offered commitments to support access to INWIT’s passive infrastructure by all market participants. Under the commitments,…
Saudi Aramco’s proposed acquisition of 70% stake in SABIC cleared from European Commission
DHAHRAN: Saudi Aramco has announced that its proposed acquisition of a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia (PIF) has received unconditional clearance from the European Commission. With this, the proposed acquisition has now received unconditional clearance in all jurisdictions in which pre-notification antitrust filings…
European Commission adopts mandate to extend interim appeal arbitration arrangement
BRUSSELS: The European Commission today adopted a decision laying the groundwork to deal with the consequences of a possible blockage of the World Trade Organization’s (WTO) Appellate Body, the highest instance of WTO dispute resolution. This decision will enable the Commission to enter into interim appeal arbitration arrangements with third countries based on existing World…