On Thursday 27 June, the European Commission imposed a €28 million fine on Canon for completing its acquisition of Toshiba Medical Systems Corporation (TMSC) before it was notified to and authorised by the institution.
In August 2016, Canon notified the Commission of its intention to acquire TMSC, which was authorised the following month. To complete this transaction, Canon went through a “warehousing” two-step transaction structure, including the involvement of an interim buyer.