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EXME 13 / 11.03
Midday Express of 2013-03-11
News from the European Commission's Midday Briefing
Nouvelles du rendez-vous de midi de la Commission européenne
Today the last deadline to phase out animal testing for cosmetic products in Europe enters into force. As of today, cosmetics tested on animals cannot be marketed any more in the EU. Communication adopted by the Commission today confirms the Commission's commitment to respect the deadline set by Council and Parliament in 2003 and outlines how it intends to further support research and innovation in this area while promoting animal welfare world-wide.
Agricultural short-term market outlook: increasing autumn sowings could help relieving market tightness
The Commission is publishing today its short-term market outlook for arable crop, meat and dairy markets in the EU. The report highlights that increasing autumn sowings could help relieving market tightness in the EU. Autumn sowings increased overall for cereals and oilseeds and weather conditions remain favourable, creating expectations for a slight relief in the marketing year 2013/14. High feed costs still weigh on the recovery of meat markets. Aggregate meat production is expected to contract slightly in 2013 to 43.5 million tonnes, before recovering the following year. Milk production estimates for 2012 and projections for 2013 show a continued, albeit slow, growth and reflect the impact of climatic conditions, which heavily affected coarse grain production in 2012 and led to a sharp increase in feed costs. The short term market outlook includes information and data available until 20 February 2013. The report, published three times a year, is based on analyses of market experts within the European Commission's Directorate General for Agriculture and Rural Development. http://ec.europa.eu/agriculture/markets-and-prices/short-term-outlook/index_en.htm
Fighting money laundering and terrorist financing: new framework, future challenges – a European Commission Conference in Brussels on 15 March
Mergers: Commission approves acquisition of certain manufacturing assets belonging to Motorola by Flextronics
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of certain manufacturing assets belonging to Motorola Mobility LLC of the US by Flextronics International Ltd. of Singapore. Motorola Mobility LLC is a wholly owned subsidiary of Google. The parties' activities overlap in the market for the provision of electronic manufacturing services to Original Equipment Manufacturers (OEMs), including in particular the production of mobile phones and tablets. The Commission's investigation found that the overlaps were very limited and that a number of strong players would remain in the market after the merger. The Commission therefore concluded that the transaction would not raise competition concerns. The case was examined under the normal merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.6853 .
Mergers: Commission clears acquisition of joint control over Britannia by Goldman Sachs and TPG Lundy
The European Commission has granted clearance under the EU Merger Regulation to the proposed acquisition of joint control over Britannia Living Group Limited of the UK by the Goldman Sachs Group of the US and TPG Lundy, ultimately controlled by the TPG Group based in the US. Goldman Sachs provides financial services as a global investment banking, securities and investment management firm. TPG Group is a global private investment firm. TPG Lundy, based in the Cayman Islands, is a newly formed investment vehicle. Britannia distributes cooking appliances, cooker hoods and cooking accessories, sells spare parts and provides after sales services. The Commission concluded that the proposed acquisition would not raise competition concerns because none of the companies controlled by Goldman Sachs or the TPG Group is active in the same markets as Britannia nor in vertically-related markets. The operation was examined under the normal merger review procedure. More information will be available on the competition website, in the Commission's public case register under the case number M.6833.
The European Commission has cleared under the Merger Regulation the proposed acquisition of sole control of TNK-BP by OJSC Oil Company Rosneft of Russia. The Commission carefully examined the effects of the proposed transaction. As for all state-owned companies, the Commission also assessed whether Rosneft operated independently of the state, or whether there was scope for the state to coordinate the behaviour of the state-owned companies in the sector. This question was ultimately left open as the proposed acquisition did not give rise to competition concerns.
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