The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Hargreaves Lansdown group of companies (‘Hargreaves Lansdown’) of the UK by Nordic Capital XI Limited, CVC Capital Partners plc (‘CVC’), both of Jersey, and Platinum Ivy B 2018 RSC (‘Platinum Ivy’) of the UAE.
In the coming years, the exclusive ODA budget item will vary between EUR 600 and EUR 630 million per year. Additionally, development policy loans and investments amount to EUR 70 million per year. Ukraine will receive EUR 58 million annually through a separate budgetary item. The priorities for the government term will be specified in the report on Finland’s international economic relations and development cooperation in spring 2024.
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Go-Ahead Verkehrsgesellschaft Deutschland GmbH (‘Go-Ahead’) of Germany by ÖBB-Personenverkehr AG (‘ÖBB’) of Austria. The transaction relates primarily to regional rail passenger transport. The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of energyRe Giga-Projects USA Holdings, LLC (‘energyRe Giga-Projects’) of the US by Elia Group SA/NV (‘Elia’) of Belgium, Glentra Capital P/S (‘Glentra’) of Denmark, and energyRe Holdings, LLC of the US. The transaction relates primarily to the renewable energy sector.
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Liberty Seguros, Compañía de Seguros y Reaseguros, S.A. (‘Liberty Seguros’) of Spain by Assicurazioni Generali S.p.A. (‘Generali’) of Italy. The transaction relates primarily to the non-life insurance sector in Portugal, where the activities of the Liberty Seguros and Generali overlap.
Today, the Commission has sent formal requests for information under the Digital Services Act (DSA) to 17 of the Very Large Online Platforms and Search Engines (VLOPs and VLOSEs) designated on 25 April 2023, namely AliExpress, Amazon Store, AppStore, Bing, Booking.com, Facebook, Google Search, Google Play, Google Maps, Google Shopping, Instagram, LinkedIn, Pinterest, Snapchat, TikTok, YouTube and Zalando. These VLOPs and VLOSEs are requested to provide more information on the
On 17 July 2014, 298 people lost their lives when Malaysia Airlines flight MH17 from Amsterdam (Netherlands) to Kuala Lumpur (Malaysia) was downed by a missile of Russian origin while it was above Hrabove, a village located in Donbas, a region of eastern Ukraine that was at that time controlled by pro-Russian separatists. In 2018, RTL Nederland and RTL Nieuws, two Dutch media undertakings, requested information in this connection from
In May 2009, the Commission imposed a fine of €1.06 billion on Intel, a US-based microchip manufacturer, for having abused its dominant position on the market for x86 central processing units (CPUs), in infringement of the EU competition rules. In 2014, the General Court dismissed in its entirety Intel’s action against the Commission decision. Following an appeal by Intel, the Court of Justice set aside that judgment and referred the
The Council and the European Parliament’s negotiators today reached a provisional political agreement on CO2 emission standards for heavy-duty vehicles (HDVs). The aim is to further reduce CO2 emissions in the road transport sector and to introduce new targets for 2030, 2035 and 2040. The new rules will contribute to fulfilling the EU’s 2030 climate ambitions and reaching climate neutrality by 2050. The proposal also aims to encourage an increasing
MEPs criticise the Commission’s proposal to ban mobile bottom fisheries in marine protected areas and want reforms of the EU common fisheries strategy to address specific issues. Following a morning devoted to debating the EU’s fisheries strategy, in particular the proposals conveyed in the Commission’s fisheries package, MEPs voted on and approved three reports on the issue.
The Council should adopt a decision to include hate speech and hate crime among criminal offences within the meaning of Article 83(1) TFEU (so-called “EU crimes”) by the end of the current legislative term, Parliament says in the report adopted on Thursday with 397 votes in favour, 121 against, and 26 abstentions. These are crimes of a particularly serious nature with a cross-border dimension, for which Parliament and Council can
In a resolution adopted by 532 votes to 61 and 33 abstentions, MEPs ask for the imbalance in revenue allocation from the music streaming market to be addressed, as it currently leaves a majority of authors and performers with very low compensation. They insist on a new EU legal framework for the sector, for which currently no European Union rules apply, even though streaming services are the main way that
EU Parliament’s mandate,prepared by the Employment and Social Affairs Committee, introduces deadlines for issuing and renewing the cards – within 60 days for the EU disability card and within 30 days for the parking card. Parliament also introduces the option to request a digital version of the parking card, to be ready in 15 days.
With 496 votes for, 70 against and 64 abstentions, the European Parliament adopted a resolution questioning Slovakia’s ability to fight corruption and protect the EU budget should the reform of the criminal code proposed by the new government of Robert Fico be adopted.
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Oman Broadband Company SAOC of Oman by Qatar Investment Authority (‘QIA’) of Qatar, Oman Investment Authority (‘OIA’) and Oman Infrastructure Fund (‘Rakiza’), both of Oman.
The transaction relates primarily to the provision and maintenance of broadband infrastructure in Oman for communications service providers.
The transaction relates primarily to logistics and supply chain management regarding a new urban area, the NEOM Zone, in Saudi Arabia.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
This Opinion finds that Slovakia’s updated Draft Budgetary Plan risks not being in line with the fiscal guidance contained in the Council recommendation of July 2023. This is because, according to the Autumn 2023 Forecast, the growth of net nationally financed primary expenditure is projected to not respect the recommended maximum growth rate in 2024. Furthermore, the emergency energy support measures are only partially expected to be wound down in
Czechia notified the Commission of its plans to adopt two schemes with a total budget of around €1.46 billion (CZK 35 billion) to support farmers in preventing the spread of certain poultry and pig diseases and adopting biosecurity measures. In particular, the schemes aim to prevent the spread of: (i) avian influenza, salmonella and poultry campylobacteriosis, and (ii) porcine brucellosis, porcine reproductive and respiratory syndrome, and salmonellosis.
Renfe, the Spanish state-owned rail incumbent operator, competes with companies providing online ticketing services to customers through apps or websites. These third-party ticketing platforms need to have access to Renfe’s full content and real-time data displayed on Renfe’s own digital channels to tailor their offers to the customers’ needs and compete effectively with Renfe’s online distribution channels. In April 2023, the Commission opened a formal investigation over concerns that Renfe
Lifting of parliamentary immunity: Eva Kaili’s action against the request of the European Chief Prosecutor and the decision of the President of the European Parliament is dismissed.
The transaction relates primarily to the distribution of electronic components.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets in the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
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