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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.