LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Almunia: merged Universal/EMI market share under 40 percent in Europe
BRUSSELS (Reuters) - A combined Universal Music Group and EMI will have a market share of less than 40 percent in Europe, the European Union's antitrust chief said on Friday, citing the threshold which typically fuels regulatory concerns over a dominant player.
"(The merged entity's) market share in the European Economic Area (would be) below 40 percent on average," EU Competition Commissioner Joaquin Almunia told a news briefing.
The European Commission had earlier on Friday cleared Universal Music Group's $1.9 billion bid for EMI's recorded music business after the Vivendi-owned company pledged to sell assets which generate about a third of EMI's revenues.
(Reporting by Foo Yun Chee; editing by Rex Merrifield)
- Tweet this
- Share this
- Digg this