Banks’ merger – Santander takes over Kredyt Bank
I have repeatedly referred, in the Polish neswpapers, to the fascinating topic of mergers and acquisitions (M&As) of banks in Poland. Again, I raised the issue at the Business & Law Blog at the end of 2011, where I pointed out that there were four banks in Poland listed for sale by their majority shareholders (Bank Millennium SA, Kredyt Bank SA, DnB Nord SA and Dexia Kommunalkredit Bank Poland SA). One of these banks was […] read more
Hopes and Fears – China’s Anti-Monopoly Law Enforcement in 2011
The promulgation and enforcement of China’s Anti-Monopoly Law (“AML“) after more than a decade of consideration represent a landmark of China’s economic reform. 2011 marks the third anniversary of the commencement of AML. So far, notwithstanding that China’s antitrust regime is not fancy, AML enforcement agencies: the Ministry of Commerce People’s Republic of China (“MOFCOM”), the National Development and Reform Commission (“NDRC“), and the State Administration for Industry and Commerce (“SAIC“) have finalized the enforcement […] read more
Workshop on economic tools and horizontal mergers organized by the Polish Competition Law Association and the firm Competition Economists Group
On 24 November, 2011, the Polish Competition Law Association and the firm Competition Economists Group (CEG) organize the workshop that touches upon economic tools and horizontal mergers, which will be held 17.00 (registration from 16.30) in Warsaw, Salans office, at Rondo ONZ 1 (XXX floor). The speaker will be Nils von Hinten-Reed – the founding director and managing partner of CEG. Nils will be speaking on the economics of damages in the light of the […] read more
Polish Tycoon may take over Polkomtel
As the Polish Office of Competition and Consumer Protection (OCCP) informed the President of OCCP has given her consent for the acquistion by Spartan Capital Holding (de facto Zygmunt Solorz-Żak – Polish billionaire, according to Forbes his net worth is over 2 billion $) – Polkomtel, one of the four main mobile telephone operators in Poland . The information relates to the record LBO – takeover deal – agreed upon in early July 2011, for […] read more