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Consumer savings
2 and blocking three owing to competition concerns.
The remaining Phase 2 mergers were either cleared after the CMA accepted remedies addressing its concerns or the deals were abandoned by the businesses involved.
SHAREHOLDERS in Avangrid, a leading US energy company which belongs to Iberdrola Group, approved all proposals at the 2023 Shareholders Meeting in Boston, Massachusetts.
ket food pricing.
The CMA also commenced a new mediumterm strategy supporting people, businesses, and the UK economy by promoting competitive markets and tackling unfair practices.
It is now outlining which issues to examine, ensuring
ABERTIS has put in a bid for the concession to run the Attiki Odos bypass and network of roads in metropolitan Athens. Its offer is believed to be in the region of €2 billion.
The Spanish multinational, owned by Italian holding company Mundys and ACS the engineering and construction company chaired by Florentino Perez, president of Real Madrid specialises in toll road management.
Abertis has five rivals for the contract, in which the Australian asset manager Macquarie and Fincop Infrastructure consortium is the frontrunner.
The Greek government initially whittled the number of possibles down to eight, although Fininc, an associate of
Onion effect
SPANISH private equity firm Portobello Capital has entered the agrifoods sector.
The firm acquired Nazca’s 45 per cent stake in Eurocebollas, a leader in processed onions, in a €100 million operation.
At the end of last year, venture capital fund Nazca sounded out the possible sale of a minority stake in Eurocebollas or, possibly, the entire company.
In the event, Nazca divested itself of less than half of its holding and Eurocebolla’s founder, Francisco Alberola remains as majority shareholder and continues to head the company.
that it can achieve real impact for the UK public, particularly those people who most need help.
During the 20222023 period, the CMA has scrutinised approximately 700 mergers, investigating 43 at an initial Phase 1 stage, 13 at the more indepth Phase
Actions included £60 million (€69.16 million) in fines for 10 construction firms who illegally colluded to rig bids for public and private sector projects.
There was also an investigation into whether fashion labels owned by ASOS, Boohoo and ASDA were misleading customers with their ‘green’ claims .
