E.C., Italy Clash Over Autostrade Deal

Law360, New York (August 8, 2006, 12:00 AM EDT) -- The European Commission and Italy have clashed over the proposed merger of Italian motorway operator Autostrade and Spanish company Abertis after the Italian government moved to block the €25 billion deal.

The E.C. has asked Italy to explain its reasons for intervening in the merger, claiming that in doing so Italian regulators may be engaging in national protectionism.

E.C. law dictates that the Commission has final say over pan-European mergers that meet certain financial thresholds. National competition authorities may only intervene in matters of national security,...
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.