Focus Antitrust - 19 June 2019

In The News

CMA clears PayPal / iZettle merger

The CMA has cleared PayPal’s completed takeover of rival mobile payments company iZettle after an in-depth, phase 2, investigation. The decision confirms the CMA’s provisional findings. Click here.

CMA sends statement of objections to suppliers of antidepressants

The CMA has sent a statement of objections to four pharmaceutical companies in relation to the supply of nortriptyline, an anti-depressant drug. The statement of objections relates to market sharing, price fixing, quantity fixing and sharing of commercially sensitive information. Click here.

CMA sends statement of objections to estate agents for fixing minimum commission levels

The CMA has sent a statement of objections to four Berkshire estate agents for setting minimum levels of commission fees for the sale of residential properties. Click here.

UK

CMA

• The CMA is proposing to refer Illumina’s proposed takeover of PacBio for a detailed phase 2 merger investigation, unless the parties offer suitable undertakings in lieu of a reference. Click here.

Other

• Ofgem has published notice of its decision to accept binding commitments offered by EPEX Spot SE and EEX closing its investigation into a possible infringement of Chapter II of the Competition Act 1998 in relation to electricity wholesale trading activities. Click here.
• The Secretary of State for Digital, Culture, Media and Sport has announced that he is minded to issue a media public interest intervention notice in relation to the completed acquisition by International Media Company of 30% of the share capital of Lebedev Holdings and the earlier acquisition, completed in 2017, by Scalable INC of 30% of the share capital of Independent Digital News and Media. Click here.

For more information please contact Paul Stone on +44 (0)20 7203 5110 or at paul.stone@crsblaw.com.