Inside EU Rule On Acquisitions Of Minority Shareholdings
Law360, New York (January 7, 2014, 12:40 PM EST) -- In June 2013, the European Commission launched a consultation on its proposed reform of the EU Merger Regulation (EUMR), which included a proposal to extend the scope of the EUMR to cover acquisitions of noncontrolling shareholdings between undertakings. The consultation closed in September 2013. This article provides an overview of the commission’s proposal and the issues raised by the consultation, and sets out next steps in the legislative process.
The Commission’s Proposal
The EUMR entitles the commission to review, prior to completion, transactions that confer control...