Blocked Cgates-Splius deal confirmed by Lithuanian court
( March 23, 2022, 13:29 GMT | Official Statement) -- MLex Summary: The Vilnius Regional Administrative Court has confirmed the block of Cgates' acquisition of Splius, the Lithuanian Competition Authority has said. Judges upheld the finding that the deal would have allowed Cgates to raise prices for TV and internet services in Šiauliai. The court has also confirmed that the proposed commitments by Cgates weren't enough to overcome competition concerns.Press release follows in Lithuanian....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.