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ARTICLE · 20 MAY 2024

Brussels Regulatory Brief: April 2024

K&L Gates
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On 19 March 2024, the European Commission (Commission) sent a Statement of Objections to a manufacturer and distributor of mineral fibre sandwich panels (Company) in which it took the preliminary...

European UnionStrategy
K&L Gates
K&L Gates

ANTITRUST AND COMPETITION

European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding

On 19 March 2024, the European Commission (Commission) sent a Statement of Objections to a manufacturer and distributor of mineral fibre sandwich panels (Company) in which it took the preliminary view that the Company intentionally or negligently provided incorrect, incomplete, and misleading information during the Commission's investigation of the Company's proposed acquisition of a competitor (Transaction). The Company has allegedly provided erroneous information relating to the scope of the relevant market, the existence of entry barriers, the importance of innovation, and the closeness of competition between the merging parties and vis-à-vis their competitors.

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