Brussels Daily
10 Oct 2016


Brussels Daily


Preparation of the ECOFIN and Eurogroup meetings, Luxembourg 10-11 October 2016 [updated on 10/10/2016 at 12:42, adding Commissioner Jourová as taking part in the ECOFIN meeting]

Commissioner Moscovici will represent the European Commission at today’s Eurogroup in Luxembourg, while Vice-President Dombrovskis, Commissioner Moscovici and Commissioner Jourová will take part in tomorrow’s ECOFIN meeting. The Eurogroup agenda includes an exchange of views on the implementation of Greece’s stability support programme and a discussion on the implementation of the European Semester. Discussions in both the Eurogoup and Ecofin Council will also focus on the joint Commission – Member State Report on Health Care and Long-term Care Systems and Fiscal Sustainability, whichaddress challenges to the fiscal sustainability of EU health systems against a backdrop of ageing populations and costly technological innovations. Commissioner Moscovici will participate in the press conference that follows the Eurogroup meeting. On Tuesday 11th October, the ECOFIN Council will discuss a Commission proposal related to bringing VAT fraud into the scope of new anti-fraud rules in the context of the EU’s financial interests. The Council is expected to adopt conclusions on tax transparency and will formally approve the recent tax transparency agreement with Monaco. Also on the agenda and background note is a follow-up on the autumn G20 and IMF meetings and on the 2016 European Semester policy monitoring process. The Commission will update the Council on the implementation of the Banking Union and the state of play of current legislative proposals in the field of financial services, as well as on negotiations on post-crisis banking reform undertaken by the Basel Committee on Banking Supervision. The Council is expected to adopt conclusions on the financing aspects of climate change ahead of the UN climate change conference in November. Ministers will also discuss the European Commission’s proposal for a European External Investment Plan.  Vice-President Dombrovskis will participate in the press conference concluding the ECOFIN meeting.

Mergers: Commission clears joint acquisition of Slaney Foods JV and Slaney Proteins by ABP Group and Fane Valley

The European Commission has cleared unconditionally, after an investigation under the EU Merger Regulation, the proposed acquisition of joint control of Slaney Foods JV and Slaney Proteins (Ireland) by meat processor ABP Group (Ireland) and farmer-owned agri-food company Fane Valley (United Kingdom). All three companies (ABP, Fane Valley and Slaney) are active in the purchase and slaughter of live cattle, sheep and lambs, as well as de-boning and processing of meat. Their activities cover also the marketing of fresh beef, lamb and mutton to meat retailers (including supermarkets) and industrial meat processors. The Commission’s investigation focused in particular on the impact of the proposed transaction on competition in the markets where the activities of the parties overlap and which constitute affected markets in terms of EU merger rules: (i) purchasing of live cattle for slaughter in Ireland by ABP and Slaney Foods JV; purchasing of live sheep and lambs for slaughter in an area encompassing Ireland and Northern Ireland by ABP, Slaney Foods JV and Fane Valley; (ii) sale of fresh beef, lamb and mutton in Ireland, including to industrial processors; sale of fresh lamb and mutton meat in Belgium, including to supermarkets by ABP and Slaney Foods JV; (iii) collection of animal by-products, generated by the slaughtering activities, in Ireland by ABP and Slaney Foods JV. The Commission concluded that the proposed acquisition would not adversely impact effective competition in the EU’s Single Market as regards any of these markets. The transaction was notified on 2 September 2016. A full press release is available online  here


BXL MONDAY  Daily News 10- 10 -2016

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