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EU competition law round-up: European Commission opens first Foreign Subsidies Regulation in-depth merger investigation (e&/PPF), plus latest merger clearances, publications and timetable updates — 10 June 2024

Published on: 10 June 2024

Published by a LexisNexis Competition expert
Legal News
Table of contents
  • Foreign Subsidies Regulation
  • Mergers
  • Upcoming dates
Article summary

Foreign Subsidies Regulation

Commission opens first in-depth merger inquiry under the Foreign Subsidies Regulation

The Commission said it has opened a new in-depth probe under the Foreign Subsidies Regulation (FSR) into Emirates Telecommunications Group Company PJSC’s (e&) proposed deal to ultimately acquire sole control of PPF Telecom Group BV (PPF), excluding its Czech business (FS.100011). Based in the UAE, e& is a State-controlled telecoms operator. PPF, based in Czechia, runs telecommunications services across Czechia, Bulgaria, Hungary, Serbia (Yettel) and Slovakia (O2). The FSR clearly sets out rules, including notification duties (applicable since 12 October 2023), aimed at tackling distortions stemming from foreign subsidies, for certain concentrations and for participation in public procurement procedures involving foreign financial contributions...

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