23 Jan 2015
EUROPEAN COMMISSION DAILY NEWS – 23 JANUARYBrussels Daily
Commission Report on the distribution of Common Agricultural Policy (CAP) Direct Payments
A new statistical report with details of how Common Agricultural Policy (CAP) Direct Payments were distributed in the Member States in the 2013 budget year has been published by the European Commission. Detailing the distribution in tranches per Member State, the figures show for example that in 13 Member States (BG, CY, EE, HU, IT, LV, LT, MT, PL, PT, RO, SI and SK) more than half of the beneficiaries received less than €1,250 in Direct Payments, and in only 7 Member States (BG, CZ, DK, DE, FR, SK and UK) more than 1% of beneficiaries received more than €100,000. The average payment per farm in 2013 was €5,628.
Mergers: Commission clears acquisition of Songbird Estates by Qatar Investment Authority and Brookfield Property Partners
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Songbird Estates plc (“Songbird”) of the United Kingdom, by Qatar Investment Authority (”QIA”) of Qatar and Brookfield Property Partners LP (“BPP“) of the Bermuda. Songbird is the parent company of Canary Wharf Group plc, which develops, manages and invests in property in London, primarily in the Canary Wharf area. QIA is the sovereign investment fund of the State of Qatar. BPP is a global commercial property company that owns, operates and invests in office, retail, residential and industrial assets. The Commission concluded that the proposed acquisition would not raise competition concerns, in particular because of its small impact on the market structure. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.7474.
Mergers: Commission clears joint venture between Fujitsu, Panasonic and Development Bank of Japan in development of logic integrated circuits
The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Fujitsu Limited, Panasonic Corporation and Development Bank of Japan Inc. (“DBJ”), all of Japan. Fujitsu, Panasonic and DBJ will each contribute some assets to the joint venture that will design, develop and market logic integrated circuits (“Logic ICs”) products. The Commission found that the joint venture’s market share in the design and sale of Logic ICs would be limited and that a number of strong players would remain in the market after the merger. There is also a vertical relationship between the activities of the joint venture and its parent companies Fujitsu and Panasonic as Logic ICs are used in the production of certain scanners. The Commission nevertheless found that the transaction would not raise any competition concerns because third party producers of Logic ICs would have alternative outlets for their products and Fujitsu and Panasonic are not significant buyers of Logic ICs. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.7394.
Commission implementing decision on Common Agricultural Policy (CAP)
The Commission is implementing today its latest decision on excluding from European Union financing certain expenditure incurred by the Member States under the Guarantee Section of the European Agricultural Guidance and Guarantee Fund (EAGGF), under the European Agricultural Guarantee Fund (EAGF) and under the European Agricultural Fund for Rural Development (EAFRD). More information on the Official Journal of the European Union.