A PYMNTS Company

EU: EC rejects call for F1 inquiry

 |  February 27, 2017

The European Commission has rejected a call from hundreds of Euro MPs to investigate the takeover of Formula 1 by Liberty Media.

South East Labour MEP Anneliese Dodds called for an investigation in an amendment to the European Parliament’s annual competition report earlier this month, which passed by 467 votes to 156, with 86 abstentions.

Margrethe Vestager, the European Commissioner for Competition, has written to Dodds to say the matter will not be taken any further.

Vestager said: “The transaction was notified to national competition authorities in several member states, namely Austria, Spain, Portugal and the United Kingdom, all which approved it last year.”

Full Content: The Best F1

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.