A Chinese vitamin manufacturer has agreed to settle in the vitamin C class action lawsuit in New York – the first time a Chinese company has opted for settlement in a US investigation.
Google has cleared the final hurdle leading to its acquisition of Motorola Mobility, after China’s Ministry of Commerce (Mofcom) passed the deal with conditions.
China’s Ministry of Commerce (MOFCOM) has approved Nestlé’s US$1.7 billion bid for Chinese sweet and snack-maker Hsu Fu Chi International, in one of the largest foreign takeovers of a Chinese company to date.
Yum Brands, which owns KFC and Pizza Hut, has won approval from China’s Ministry of Commerce (Mofcom) to buy hot-pot seller Little Sheep Group, strengthening its position as the world’s largest fast food provider.
China’s Ministry of Commerce (MOFCOM) has surprised practitioners by intervening in a merger because it was unable to determine whether the purchaser had a controlling stake in the target’s competitor.
For China to become a world-class antitrust enforcement regime, it has to make serious changes to the way its antitrust laws apply to the cornerstones of the country’s economy, antitrust specialists say. Ron Knox in New York
Global confectionery company Nestlé says it will pay US$1.7 billion to purchase a majority stake in Hsu Fu Chi in a deal that is likely to be reviewed by China’s Ministry of Commerce.
Brazil’s Secretariat of Economic Law (SDE), the investigative branch of the Brazilian competition enforcement regime, has announced that it will focus on the pharmaceutical sector, using the European Commission’s pharmaceutical inquiry as the basis for its investigation. Emily Gray in Brussels