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EU team watching public-procurement foreign subsidies set to get dedicated unit
The European Commission team scrutinizing foreign subsidies in public procurement will get a dedicated unit from tomorrow, as part of a reshuffle of the Directorate... (more story)
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Dealmakers eying EU M&A get stark warning in subsidy review of UAE telecom buyout
The European M&A landscape for companies backed by foreign states looks more complicated, in light of newly published documents that show the dealmaking of UAE tele... (more story)
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ICG and Imanes file change in control of Picard for EU foreign subsidy review
Intermediate Capital Group and Imanes have sought EU foreign-subsidy clearance for a change in control over French frozen food retailer Picard. The European Commiss... (more story)
Insight View More
Abu Dhabi National Oil Company has seen EU foreign subsidy regulators pause their review of its takeover of German chemicals group Covestro, according to a new update on the European Commission’s website. The ... (more story)
A UK local authority accused of subsidizing a real estate developer defended itself in the country's specialized competition court today, arguing that loans it made were independently scrutinized and weren't a... (more story)
Greater Manchester Combined Authority subsidized a real estate developer without going through the proper process to determine the pricing of loans, a rival told a UK specialized competition court. The challen... (more story)
Truck and bus manufacturers are choosing electricity over hydrogen to reduce their CO2 emissions, a European Commission report said today. With one in three new heavy-duty vehicles expected to be zero emission... (more story)
Representatives of EU member states are set to approve the nomination of Marko Bošnjak, the current president of the European Court of Human Rights, as a judge at the EU Court of Justice. The appointment is pa... (more story)
Czechia’s president used a trip to Brussels to air concerns to the head of the European Commission about a looming EU subsidies probe into the award of a 16 billion-euro contract to Korea Hydro & Nuclear Power... (more story)
Paris is pushing for more exemptions and co-financing for the EU-wide program that allows the unlocking of state-aid for cross-border strategic projects, according to a note seen by MLex. The country also sugg... (more story)
Abu Dhabi National Oil Company has sought EU foreign subsidy approval for its plan to take over German chemicals group Covestro, MLex has learned. The European Commission will now have 25 working days to decid... (more story)
Comment View More
The European M&A landscape for companies backed by foreign states looks more complicated, in light of newly published documents that show the dealmaking of UAE telecom operator Etisalat — known as e& — will fa... (more story)
Abu Dhabi National Oil Company must feel its path to EU foreign-subsidy approval for its 14.7 billion-euro takeover of Germany's Covestro has been smoothed by the European Commission’s clearance of another lar... (more story)
Multistate, subsidy-backed projects in fields such as semiconductors, AI, advanced materials and clean tech will take center stage in the EU's push for growth and economic transition, as the European Commissio... (more story)
The EU hydrogen bank’s option to use EU-wide auctions to guide national funding has the potential to align national and EU financial firepower toward common objectives. The tool developed for hydrogen is alrea... (more story)
Any hopes in the EU nuclear-power industry that lawmakers' questioning of candidates to front the next European Commission would bring clarity over the EU approach to sector’s future were frustrated again yest... (more story)
Efforts by the Abu Dhabi National Oil Company to complete its buyout of Germany’s Covestro will undoubtedly include a close study of the remedies that Emirates Telecommunications Group recently offered to win ... (more story)
The edict is writ large for the EU’s new competition enforcer: go faster. When Teresa Ribera takes up the reins later this year, one of her main challenges will be to accelerate the machinery of enforcement, c... (more story)
Dealmakers may have been concerned that the EU’s new foreign-subsidy rulebook might leave their transactions in limbo, but today’s decision to clear a United Arab Emirates-backed deal — two and a half months b... (more story)