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​Comment: Cargotec-TTS deal's hold-separate clearance shows persistence of tried and tested remedy under SAMR

By Yonnex Li ( July 18, 2019, 09:47 GMT | Comment) -- The approval of a tie-up between cargo-handling equipment suppliers Cargotec and TTS Group shows that China's unique hold-separate remedy for otherwise anticompetitive mergers has passed from one government body responsible for merger control to another, despite the drawbacks to which it may give rise. The State Administration for Market Regulation cleared the deal last Friday, deploying the same hold-separate arrangements used by the Ministry of Commerce, from which it inherited responsibility for regulating M&A transactions last year.The approval of a tie-up between cargo-handling equipment suppliers Cargotec and TTS Group shows that China's unique hold-separate remedy for otherwise anticompetitive mergers has passed from one government body responsible for merger control to another, despite the drawbacks to which it may give rise. ...

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