The goal of the European Commission's (Commission) December, 2013, Merger Simplification Package is to cut red tape and reduce the costs associated with European Union (EU) merger filings.
This article, in the latest issue of Transaction Advisors, explains that there are a number of key changes to the EU Merger rules brought on by the Simplification Package and the number of businesses that can take advantage of this procedure has been expanded. Approximately 60-70% of all notified mergers will now qualify for the streamlined procedure – a 10% increase from pre-Simplification Package statistics. The authors note that this increase stems from increased market share thresholds for both horizontal overlaps and vertical links.
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