In a recent decision, the United Kingdom’s Competition and Markets Authority blocked the proposed merger between Cargotec Corporation and Konecranes plc after its Phase 2 investigation identified substantial competition concerns. The decision came just a few weeks after the same transaction had been approved subject to remedies by the European Commission.
In our article, we discuss:
- The divergence in outcomes in the first parallel in-depth merger reviews by the European Commission and the UK Competition and Markets Authority;
- Considerations for mix-and-match divestments in this and future cases
Find the article here.