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European Commission - Daily News

Daily News 07 / 08 / 2015

Brussels, 07 August 2015

Commission supports European fruit and vegetable producers to face impact of Russian ban

The European Commission has today formally extended until the end of June 2016 the safety net measures for the European fruit and vegetables sector. First introduced last year in response to the Russian ban on the import of EU agri-food products, today's decision follows Russia's decision to extend its restrictive measures for a further 12 months. Today, the Commissioner responsible for Agriculture and Rural Development, Phil Hogan said: "The significant actions taken to date by the European Union have demonstrated the solidarity of the EU with farmers most affected by the Russian ban. These actions also played an important part in mitigating the effects of the ban. Now, with the ban prolonged, we need to continue to provide a safety net in order to give security to producers who continue to face difficulties in relation to the ban". The measure approved today covers a wide range of products and reference volumes have been allocated to Member States on the basis of exports to Russia in the 3 years prior to the ban, with an additional quantity of up to 3 000 tonnes for all Member States. More information on the safety net measures and the EU responses to the Russian import ban on agricultural products is available online. (For more information: Daniel Rosario – Tel: +32 229 56 185; Joseph Waldstein – Tel: +32 229 56 184)

Commission proposes €1.4 million from Globalisation Fund for former workers of Alitalia in Italy

The European Commission has proposed to provide Italy with €1.4 million from the European Globalisation Adjustment Fund (EGF) to help 184 former workers of Alitalia to find new jobs. Most of the redundancies occurred in the region of Lazio. Marianne Thyssen, EU Commissioner for Employment, Social Affairs, Skills and Labour Mobility, commented: "The European Globalisation Fund is a concrete sign of European solidarity. Many sectors and industries in Europe are going through major structural changes, as a consequence of globalisation. Through this fund, we are supporting the transition of former Alitalia workers into new jobs. Results show an encouraging re-employment rate of almost 50% amongst workers having benefited from this personalised and targeted assistance". The measures co-financed by the EGF would help the 184 workers facing the greatest difficulties in finding new jobs by providing them with skill assessment and active job-search support, training, reimbursement of mobility cost to attend training and hiring incentives. A press release is available in EN, FR, DE, IT. (For more information: Natasha Bertaud– Tel.: +32 229 67456; Tove Ernst – Tel.: +32 229 86764)

Mergers: Commission clears the acquisition of 7S Group by ManpowerGroup

The European Commission has approved under the EU Merger Regulation the acquisition of 7S Group of Germany by ManpowerGroup of the US. 7S Group offers temporary and permanent employment services, contract work services and HR consultancy services in Europe. ManpowerGroup is a global provider of employment services and workforce solutions. The Commission concluded that the proposed acquisition would not raise competition concerns because the companies' activities in Europe only overlap to a very limited extent and sizeable competitors will continue to ensure a good level of competition in all relevant markets. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7698. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Yizhou Ren – Tel.: +32 229 94889)

Mergers: Commission clears acquisition of BP's aviation fuel business by World Fuel Services

The European Commission has approved under the EU Merger Regulation the acquisition of BP's aviation fuel business (of the United Kingdom) by World Fuel Services Corporation (WFS) (of the United States). WFS provides aviation, marine and ground transport fuel products and related services worldwide. BP's aviation fuel business supplies aviation fuel at the airports of Copenhagen Kastrup in Denmark as well as at the Swedish airports of Stockholm Arlanda, Gothenburg Landvetter and Malmö. The Commission concluded that the proposed acquisition would not raise competition concerns because of the moderate combined market positions resulting from the transaction. BP committed to divest this business to gain Commission clearance of its merger with Statoil Fuel and Retail Aviation in December 2014. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website in the public case register under the case number M.7694. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Yizhou Ren – Tel.: +32 229 94889)

Mergers: Commission clears acquisition of joint control of General Química and Industrias Negromex by Repsol Química and Grupo Kuo

The European Commission has approved under the EU Merger Regulation two interrelated transactions, which create a full-function joint venture between Repsol Química and Grupo Kuo for the production of synthetic rubber. In particular the Commission approved i) the acquisition of joint control of Industrias Negromex S.A. of Mexico by Repsol Química S.A. of Spain, and ii) the acquisition of joint control of General Química S.A. of Spain by Grupo Kuo S.A.B. de C.V. of Mexico. Repsol Química and Grupo Kuo manufacture chemical and petro-chemical products. Industrias Negromex manufactures synthetic rubber emulsions and General Química manufactures chemicals for the production of rubber. The proposed transaction gives rise to a vertical relationship between the chemicals produced by Repsol Química and the synthetic rubber produced by Industrias Negromex. The Commission concluded that the proposed acquisitions would not raise competition concerns considering the parties' moderate positions in the upstream and downstream product markets, and the strong competition they will continue to face. The transactions were examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7666. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Yizhou Ren – Tel.: +32 229 94889)

Mergers: Commission clears acquisition of Stage Entertainment by investment fund CVC

The European Commission has approved under the EU Merger Regulation the acquisition of Stage Entertainment of the Netherlands by CVC Capital Partners of Luxembourg. Stage Entertainment operates a network of theatres in six European countries, produces musicals and shows and distributes musical theatre rights and content worldwide. CVC is a private equity and investment firm. The Commission concluded that the proposed acquisition would not raise competition concerns, because none of the companies controlled by CVC is active in the same markets as Stage Entertainment and no vertical links between the activities of CVC and Stage Entertainment have been identified. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7699. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Yizhou Ren – Tel.: +32 229 94889)

Mergers: Commission clears acquisition of joint control over Spanish shopping and leisure centre Puerto Venecia by CPPIB and Intu Holding

The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Puerto Venecia, a shopping mall and retail park located in Zaragoza, Spain, by Canada Pension Plan Investment Board (CPPIB) of Canada together with the current owner Intu Holding of Luxemburg. Puerto Venecia operates a fashion mall and adjoining leisure and restaurant area. CPPIB is an investment management organisation that invests the funds of the Canada Pension Plan. Intu Holding is a wholly-owned subsidiary of Intu, a real estate investment trust largely focused on shopping centre ownership, management and development primarily across the UK. CPPIB and Intu Holding already jointly control a shopping centre (Parque Principado) located in Oviedo, Spain. The Commission concluded that the proposed acquisition would not raise competition concerns, because of its limited impact on the market structure. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7689. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Yizhou Ren – Tel.: +32 229 94889)

MEX/15/5482

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