US antitrust enforcers have seen a major spike in Hart-Scott-Rodino HSR premerger filings. European Commission is focusing on green killer acquisitions, highlighting the interplay between the EU competition rules and the European Union’s environmental protection objectives.
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The European Commission has approved, under the EU Merger Regulation, the proposed merger between the automotive companies Fiat Chrysler Automobiles N.V. (‘FCA’) and Peugeot S.A. (‘PSA’). The approval is conditional on full compliance with a commitments package offered by the companies.
Executive Vice-President Margrethe
Vestager, responsible for competition policy, said: “
Access to a competitive market for small commercial vans is important for many self-employed and small and medium companies throughout Europe. We can approve the merger of Fiat Chrysler and Peugeot SA because their commitments will facilitate entry and expansion in the market for small commercial vans. In the other markets where the two automotive manufacturers are currently active, competition will remain vibrant after the merger.”