Have a look at our engagements
Here you can find the recent competition policy and public procurement projects in which Lear has been involved.
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Competition Economics, Mergers
Ex-ante assessment of the anticompetitive effects of a merger in the audiovisual market
Lear has been appointed by a leading Italian Broadcaster in providing support with the assessment of the Discovery, Inc. (“Discovery”) and WarnerMedia, LLC. (“WarnerMedia”) merger. Lear has provided a comment to the merger, explaining how the competitive landscape in the sector has changed in the recent years, to the point that the segmentation of the […] Read more
Competition Economics, Mergers
Ex-ante assessment of a merger in the Italian insurance sector
Lear has assisted Assicurazioni Generali in the acquisition of Cattolica Assicurazioni. Lear has analysed the relevant geographic and product markets to identify affected markets according to the thresholds set by the European Commission in the horizontal mergers guidelines, and for those markets has analysed the competitive concerns that might arise from the concentration, showing that […] Read more
Competition Economics, Mergers
Merger in the banking sector
One of the largest banking groups in Italy, Intesa Sanpaolo S.p.a., has declared its intention to proceed with the takeover of UBI Banca S.p.a. The potential merger between these two banks raises concerns regarding the competition level in numerous markets: hence, the merger must be first approved by the Italian Competition Authority. Lear is assisting […] Read more
Competition Economics, Mergers
Vertical merger in the aerospace industry
Lear was retained by a leading operator in the aerospace industry to provide assistance in a merger case involving one of its rivals. Lear developed analyses aimed at showing how the merger may create the incentives for the merged entity to implement exclusionary practices that would harm competition and the client.
Competition Economics, Mergers
Merger in the grocery retailing sector
Lear assisted a leading grocery retailer in a phase II merger inquiry before the Italian Competition Authority. Lear’s primary responsibility within the project was to analyse the data resulting from customer surveys, estimate the diversion ratios and apply the UPP, GUPPI and IPR tests to assess the unilateral effects of the merger. The merger was […] Read more
Competition Economics, Mergers
Merger in the natural gas sector
Lear assisted 2i Rete Gas, the second largest operator in the Italian market for natural gas distribution, in the notification to the Italian Competition Authority of a merger between 2i Rete Gas and Nedgia, which is being evaluated by the Italian Competition Authority. Lear assessed the competitive implications of the merger, quantified the efficiencies brought […] Read more
Competition Economics, Mergers
Merger in the broadcasting tower sector
Lear advised a major national broadcast tower company in the notification to the Italian Competition Authority of the acquisition of another national broadcast tower company in a complex “merger to monopoly” case. Lear’s economists presented the efficiencies that would be brought about by the merger and illustrated the market mechanisms that would ensure these efficiencies […] Read more
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