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ARTICLE · 07 JUNE 2024

Brussels Regulatory Brief: May 2024

K&L Gates
K&L Gates
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On 12 April 2024, the European Commission (Commission) approved the plan to unwind a transaction in the early cancer detection sector that was implemented before securing clearance...

European UnionAntitrust/Competition Law
Mélanie Bruneau
Mélanie Bruneau
Francesco Carloni
Francesco Carloni
Giovanni Campi
Giovanni Campi
Nikolaos Peristerakis
Nikolaos Peristerakis
Antoine De Rohan Chabot
Antoine De Rohan Chabot
Michael Hofmann Dr.
Michael Hofmann Dr.
Simas Gerdvila
Simas Gerdvila
Petr Bartoš
Petr Bartoš
Edoardo Crosetto
Edoardo Crosetto

Antitrust and Competition

The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector

On 12 April 2024, the European Commission (Commission) approved the plan to unwind a transaction in the early cancer detection sector that was implemented before securing clearance and subsequently prohibited in 2022 by the Commission. While the transaction fell below the EU Merger Regulation (EUMR) turnover thresholds, the Commission asserted jurisdiction over the transaction based on a new interpretation under Article 22 of the EUMR, which grants the Commission the power to review transactions below the EU and national filing thresholds. According to the terms agreed with the Commission, the company is exploring several options to divest the target, which is expected to be finalized in the second quarter of 2024.

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