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18.12.2024 | 🇱🇻 Latvian competition authority
The Competition Council (KP) has expanded its initiative started in 2022 to systematically list various data on assessed merger cases by introducing open access to merger case data. This data will be updated quarterly on the KP website.
Artūrs Kuka, the director of the Economic Analysis and Merger Department at KP, stated that the availability of open data is a significant step towards greater transparency and usability of KP's work. This initiative will allow interested parties to monitor the dynamics of merger processes and enhance data analysis opportunities in the field of competition law.
In early 2024, KP introduced a merger statistics visualization supported by Power BI analytics, showcasing real-time statistical data. So far, from 2022 to the present in 2024, a total of 60 merger decisions have been made, with 96% of these mergers approved without objections. One merger was approved with binding conditions, and one case was closed without evaluation.
Nearly half of all merger decisions were related to horizontal relationships among competing market participants. A quarter of the market participants operated in unrelated markets, while almost one-sixth of mergers occurred between companies in both horizontal and vertical relationships, meaning they compete in some markets while operating at different levels of the supply chain in others.
66% of all mergers were reviewed in the first phase as a shortened report, averaging 22 days for review. In contrast, 34% of merger cases underwent a second phase of in-depth review, averaging 61 days for investigation.
KP experts provided consultations to market participants in 57% of all reviewed merger cases, totaling over 350 consultation hours.
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