EU Antitrust Head Dampens Hope For Hutchison-Orange Deal

Law360, Washington (September 19, 2012, 6:46 PM EDT) -- The European Commission's antitrust head voiced concerns Wednesday that Hutchison 3G Austria GmbH's €1.3 billion ($1.64 billion) plan to acquire rival Orange Austria Telecommunication GmbH hasn't overcome the regulator's anti-competitive worries in order to gain clearance for the deal.

Joaquin Almunia discussed the Hutchison-Orange deal's issues as part of a speech detailing the EU's antitrust enforcement policies at Georgetown Law School's Global Antitrust Enforcement Symposium, saying the commission has yet to block a merger over antitrust worries.

While many merger deals have required remedies for commission...
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