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Latest Competition Commission Stories

2011-02-28 10:01:00

JOHANNESBURG, Feb. 28, 2011 /PRNewswire/ -- The Competition Tribunal ("the Tribunal") today announced that, in terms of a consent order granted on 24 February 2011, it has confirmed the settlement agreement ("the Settlement Agreement") reached between the Competition Commission ("the Commission") and Sasol Polymers, a division of Sasol Chemical Industries Limited. The Settlement Agreement related to Sasol Polymers' existing propylene supply contract with Safripol ("the Supply Agreement")....

2010-12-22 03:12:00

CAMBRIDGE, Mass., Dec. 22, 2010 /PRNewswire/ -- Today, Zipcar announced that its acquisition of Streetcar Limited has been given final clearance in the United Kingdom by the Competition Commission. The Competition Commission has reviewed the acquisition and concluded that it does not expect the acquisition to lead to a substantial lessening of competition. This final clearance follows the provisional clearance granted by the Competition Commission on November 18, 2010. "We applaud the...

2010-11-18 01:03:00

CAMBRIDGE, Mass., Nov. 18, 2010 /PRNewswire/ -- Today, Zipcar announced that its acquisition of Streetcar Limited has been provisionally cleared in the United Kingdom by the Competition Commission. The Competition Commission has reviewed the acquisition and provisionally concluded that it does not expect the acquisition to lead to a substantial lessening of competition in the UK. "We are pleased with the Competition Commission's provisional findings. This is the outcome we were hoping for...

2010-09-10 15:25:00

CAMBRIDGE, Mass., Sept. 10 /PRNewswire/ -- Today, the Competition Commission (CC) published an issues statement in its review of the acquisition of Streetcar by Zipcar. The issues statement is standard protocol in the CC review process of reviewing UK-based mergers or acquisitions. The Competition Commission is tasked with reviewing the acquisition to ensure it does not result in a substantial lessening of competition in the UK. "We are fully cooperating with the Competition Commission...

2010-08-10 11:44:00

CAMBRIDGE, Mass. and LONDON, Aug. 10 /PRNewswire/ -- Zipcar, Inc., the world's largest car sharing service, announced today that the U.K.'s Office of Fair Trading had decided to refer the company's acquisition of Streetcar to the Competition Commission for additional scrutiny. "Naturally, we're disappointed by the decision of the OFT, which imposes a delay on a transaction from which consumers and the environment stand to benefit enormously," said Scott Griffith, Chairman and CEO of...

2010-01-28 10:17:00

LONDON, Jan. 28 /PRNewswire/ -- Greenberg Traurig Maher announced today that it has been retained by Bristol Water. Recently, Ofwat, the Water Services Regulation Authority, confirmed that Bristol Water had rejected its determination of the price that can be charged for water supply for the 2010-2015 period. Bristol Water is the only water company to make such a challenge. The issue will now be referred to the Competition Commission by Ofwat. Over approximately the next six months, the...

2009-05-20 08:32:00

JOHANNESBURG, May 20 /PRNewswire-FirstCall/ -- The Competition Tribunal today confirmed the settlement agreement, reached between the Competition Commission of South Africa and Sasol Nitro, a division of Sasol Chemical Industries Limited, relating to its fertiliser and phosphoric acid businesses. The confirmation of the agreement has the effect of a full and final settlement and conclusion of all proceedings between the Commission and Sasol Chemical Industries Limited relating to any alleged...

2009-05-19 08:50:00

JOHANNESBURG, South Africa, May 19 /PRNewswire-FirstCall/ -- Since the previously announced Settlement Agreement was concluded with the Competition Commission ("the Commission") in respect of competition law contraventions in the fertilizer and phosphoric acid businesses of Sasol Nitro, Sasol (JSE: SOL; NYSE: SSL) has continued its internal investigations. It is only now after intensive repeat interviews with employees and former employees that additional new information relevant to one of...

2009-01-19 03:38:00

JOHANNESBURG, South Africa, Jan. 19 /PRNewswire-FirstCall/ -- Sasol (JSE: SOL; NYSE: SSL) today announced that as part of the Group's ongoing legal compliance programme, Sasol Limited's Chief Executive, Pat Davies, and his management team initiated a competition law compliance review of all Sasol businesses in July 2008. In addition to this compliance review, the Sasol Limited Board of Directors, on recommendation of management, commissioned a review of the adequacy of competition law...

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2008-12-18 11:44:02

Secret plans sent out by Spanish-owned BAA call for a new runway at Gatwick Airport in Britain, in spite of the government's intentions. BAA, under pressure from the Competition Commission to sell Gatwick, sent bidders for the airport a confidential memorandum entitled Gatwick builds a second runway, The Times of London reported Thursday. The government has said it prefers a new runway at Stansted Airport, followed by one at Heathrow, the Times said. But, the commission said the government...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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