Bonn, 19 August 2019
Today, the Federal Minister for Economic Affairs and Energy granted Miba/Zollern an authorization to proceed with the merger subject to conditions and obligations. In April 2019, the Monopolies Commission, which advises the Federal Minister during the ministerial authorization procedure, advised against the authorization because, according to its analysis, the restriction of competition resulting from the merger is not outweighed by special public interests. In a separate statement in August 2019, the Monopolies Commission also assessed the intended conditions and obligations and found them to be inappropriate and in some cases legally inadmissible.
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