The Swedish Competition Authority has fined a lighting products brand for anti-competitive vertical restraints as it tried to control the pricing of a retailer’s online distribution. In other news, the EU Commission has approved the automobile PSA-FCA merger subject to conditions to ensure continued competition in the small light commercial vehicles market, while opening an in-depth-investigation of the proposed merger between major insurance brokerage services providers Aon and Willis Towers Watson. A study estimates that a single digital EU banking market would reduce financial services costs with 12%.
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