European Commissioner for Competition | |
---|---|
![]() Rather than be blocked from the European market, the merger was abandoned. This was the first time that a merger between two US companies had been blocked solely by European authorities,[4] only the second time it had blocked just two US companies and only the 15th merger it had blocked ever since it started work.[2] On 1 May 2004 Monti oversaw a radical change in the Competition powers of the Commission concerning antitrust regulation, merger controls, licensing agreements and air transport.[5] Neelie Kroes (2004–10)During Neelie Kroes' hearing at the European Parliament, MEPs expressed concern about whether Ms Kroes had a sufficiently detailed grasp of certain specific subjects, but was approved as part of the Commission in 2004. Since then she states that she promotes a fair and free business environment, achieving sustainable economic growth and higher employment. The Commission has bee The merger between GE and Honeywell, as it was notified, would have severely reduced competition in the aerospace industry and resulted ultimately in higher prices for customers, particularly airlines. However, there were ways of eliminating these concerns and allowing the merger to proceed. I regret that the companies were not able to agree on a solution that would have met the Commission's competition concerns. Rather than be blocked from the European market, the merger was abandoned. This was the first time that a merger between two US companies had been blocked solely by European authorities,[4] only t Rather than be blocked from the European market, the merger was abandoned. This was the first time that a merger between two US companies had been blocked solely by European authorities,[4] only the second time it had blocked just two US companies and only the 15th merger it had blocked ever since it started work.[2] On 1 May 2004 Monti oversaw a radical change in the Competition powers of the Commission concerning antitrust regulation, merger controls, licensing agreements and air transport.[5] During Neelie Kroes' hearing at the European Parliament, MEPs expressed concern about whether Ms Kroes had a sufficiently detailed grasp of certain specific subjects, but was approved as part of the Commission in 2004.
|