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Weakening competition to create European champions can backfire, says Mundt

By Andrew Boyce ( March 13, 2025, 16:33 GMT | Insight) -- Governments should beware of creating “European champion” businesses through the “weakening” of merger rules, Germany’s competition boss said at a conference today, pointing to three previous deals where political overrides of vetoes ended in failure. Andreas Mundt cited a deal in the retail sector that led to high prices, the creation of Uniper that created dependence on Russian gas, and a merger in the bearings sector that didn't create the anticipated investment.Governments should beware of creating “European champion” businesses through the “weakening” of merger rules, Germany’s competition boss said today, pointing to three previous deals where political overrides of vetoes ended in failure....

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