Joint statement on merger control enforcement

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The Bundeskartellamt, the UK’s Competition and Markets Authority (CMA) and the Australian Competition and Consumer Commission (ACCC) have agreed on a joint statement on merger control. The joint statement reflects the common understanding of all three authorities that consistent merger enforcement is the key to preserve competition and diversity.

In their joint statement the three authorities express their agreement on the principles of effective merger control. As a tool to proactively keep markets open and preserve diversity, it allows competition authorities to prevent harm to consumers before it has been caused. Competition increases consumer trust in markets and drives the functioning of market economies and economic prosperity with low prices, choice, quality and innovation. At the same time, companies that face competition are more successful at home and abroad.