MERGERS : MERGER CONTROL REGULATION TO BE IMPROVED.

The European Commission opened a public consultation, which will run from 20 June until 12 September, on possible future improvements to the merger control regulation(1). Two points in particular will be examined: minority shareholdings and case referrals between the Commission and national authorities.

After asking stakeholders' views on ways to simplify merger notification procedures (see Europolitics 4616), the EU executive addresses the way mergers are reviewed. Minority shareholdings of one firm in another are a widespread phenomenon. In some cases, a minority stake can give rise to conflicts of interest, even where it does not include control over the target. However, the current regulation applies only in cases where the merger concerns a transaction leading to the acquisition of control over the target company. Stakeholders are therefore asked to give their views on whether the...

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