Suspension of time limits for merger review is extended
The Minister of Industry, Business and Financial Affairs has issued an order, which extends the suspension of merger review time limits until May 10.
When companies wish to implement a merger, the Competition and Consumer Agency must review that the merger will not significantly impede competition to the detriment of competitors and consumers. The agency has a statutory period to approve or prohibit the merger.
As a result of the measures that have been necessary to prevent and curb the spread of covid-19, the time limits for the Danish Competition and Consumer Agency to review a merger has been extraordinarily suspended since March 18 and the suspension is now extended until May 10.
The Competition and Consumer Agency continues to try to comply with the ordinary time limits for merger review. Since March 18, four mergers have been approved within the ordinary time limits, while no mergers have exceeded them.