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Europe Daily Bulletin No. 12492

26 May 2020
Contents Publication in full By article 23 / 35
ECONOMY - FINANCE - BUSINESS / Competition
Commission's in-depth investigation into Air Canada’s proposed acquisition of Transat
Brussels, 25/05/2020 (Agence Europe)

On Monday 25 May, the European Commission opened an in-depth investigation into Air Canada’s proposed acquisition of Transat. The Commission explained in a statement that it is concerned that the proposed transaction “may reduce competition in the passenger air transport services between the European Economic Area (EEA) and Canada”.

Margrethe Vestager, the Executive Vice-President responsible for competition policy, stated that “we will carefully assess whether the proposed...

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