China´s Competition Regulator Imposes Conditions On Two Proposed Mergers Under The AML

China's Ministry of Commerce (MOFCOM) has continued its recent trend of taking an activist approach to merger control in imposing conditions under the Anti-Monopoly Law (AML) on the clearance of two proposed mergers, Pfizer/Wyeth and General Motors/Delphi.

General Motors' Acquisition Of Delphi Subject To Conditions - 28 September 2009

On 28 September 2009, MOFCOM announced its decision to clear General Motors Company's (GM) acquisition of Delphi Corporation (Delphi). The clearance is subject to conditions placed on both GM and Delphi.

Background And Merger Review Process

GM is a US car manufacturer with a leading position in the global and Chinese car market. GM manufactures and sells passenger cars and commercial vehicles in China. Delphi is a US manufacturer of automotive components which was spun off from GM in 1999 and filed for bankruptcy in 2005. In China, Delphi is an exclusive supplier to a number of vehicle manufacturers.