Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > Commiss...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, September 30, 2009
Commission Clears Proposed Acquisition of Sanyo by Panasonic


The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Sanyo Electric Co., Ltd. by Panasonic Corporation.

Panasonic earlier this month offered to divest some businesses to gain EU regulatory approval.

Panasonic, the world's No. 1 plasma TV maker, said in December last year it would spend up to 400 billion yen to buy Sanyo to strengthen its position in the rechargeable battery and solar power equipment markets.

Panasonic, which vies with Sony for the title of the world's largest consumer electronics maker, won approval from Japan's antitrust regulators this month for the deal.

The EC 's decision is conditional upon the divestment of certain battery production facilities in markets where the Commission identified competition concerns. In view of the remedies proposed, the Commission has concluded that the operation would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

Competition Commissioner Neelie Kroes said "In view of the remedies offered, I am satisfied that competition will remain vigorous after the merger and that purchasers of batteries will continue to benefit from choice and competitive prices."

Both Sanyo and Panasonic are diversified industrial groups. Panasonic is primarily active worldwide in the development, manufacture, and sale of a wide range of audiovisual and communication products, home appliances, electronic components and devices including batteries and industrial products. Sanyo is primarily active worldwide in the development, manufacture, and sale of consumer products, commercial equipment, electronic components including batteries and industrial logistics and maintenance equipment.

The Commission?s investigation identified competition concerns in a number of battery markets where the merged entity would have a significant market share. These are the markets for primary cylindrical lithium batteries, portable rechargeable nickel-metal hydride batteries and rechargeable coin-shape batteries based on lithium.

To remedy the concerns raised by the Commission relating to cylindrical lithium and rechargeable coin-shape batteries, the parties made the commitment to divest a production plant that currently produces both these types of battery. The proposed transaction, as modified by this commitment, would therefore not result in any increase in market share in cylindrical lithium and rechargeable coin-shape batteries.

Concerning portable rechargeable nickel-metal hydride batteries, the parties agreed to divest one of the parties' portable nickel-metal hydride businesses to eliminate any increase in market share in this product market.

After market testing the proposed commitments, the Commission concluded that they would remedy its serious doubts and therefore ensure that effective competition would not be impeded as a result of the proposed transaction.

The Commission also examined a number of consumer electronic product markets such as camcorders and flat panel televisions where both Panasonic and Sanyo are active. The Commission's investigation found that in many instances the increase in market share that would result from the proposed transaction was limited and that the merging parties were generally not viewed as each other's closest competitor. In addition, the merged entity would continue to face competitive pressure from a number of players in each of the markets at issue.

The Commission worked in close cooperation with the US Federal Trade Commission and the Japanese Fair Trade Commission on this case in the framework of bilateral cooperation agreements between the respective authorities.


Previous
Next
Xbox 360 Elite Holiday Value Bundle        All News        Search Advertising PSAs in Bing Alert Consumers to Scammer Threat Online
Google Releases Automatic Translation Tool For Websites     General Computing News      Search Advertising PSAs in Bing Alert Consumers to Scammer Threat Online

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Expands Toughbook H2 Battery Recall in The United States
Panasonic Raises Profit Outlook
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
Panasonic Introduces Rugged 7-inch Android Tablet
Panasonic to Start Licensing Unified IP Core for HD-PLC
Panasonic to Offload Sanyo's North America TV Business
Panasonic Develops 85-inch 4k Touch Screen, Showcases New HEVC LSI
Panasonic Commercializes Pin-Shaped Lithium Ion Battery For Wearables
Panasonic To Close DVD-player Factory In Slovakia
Panasonic and Leica Expand Partnership Agreement
Panasonic Reveals The Lumix DMC-LX100, Lumix DMC-GM5 Cameras And the DMC-CM1 Smartphone
Panasonic Showcases Optimized Workflow at IBC 2014

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .