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EU resumes Air Canada/Transat merger review, sets Dec 11 deadline

Published 2020-09-01, 08:50 a/m
© Reuters.
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BRUSSELS, Sept 1 (Reuters) - EU antitrust regulators have resumed their investigation into Air Canada 's AC.TO proposed acquisition of rival Canadian carrier Air Transat TRZ.TO and set a deadline of December 11 for a decision.

The European Commission, which oversees competition policy in the 27-member European Union, suspended its investigation in June as it waited for the companies to provide certain data.

The Commission opened an in-depth study of the planned C$720 million ($552.8 million) acquisition in May, saying it had concerns that it would result in higher prices and less choice for flights between Europe and Canada. filing by the Commission showed that the suspension had now ended and that a December 11 deadline had been set. ($1 = 1.3024 Canadian dollars)

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