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India: CCI seeks public scrutiny of Cinemas deal

By  |  December 13, 2015
India: CCI seeks public scrutiny of Cinemas deal

After seeking public comments in mega merger transactions including the around $40 billion Holcim-Lafarge deal and the $4 billion Sun Pharma-Ranbaxy deal, fair trade regulator Competition Commission of India has now decided to carry out a similar public scrutiny exercise on the movie theatre chain PVR’s Rs.500-crore acquisition of the cinema exhibition business of DLF Utilities, DT Cinemas.

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    According to an official statement, CCI was of the prima facie opinion that the proposed combination is likely to have an appreciable adverse effect on competition.

    The Rs.500 crore-transaction was billed as one of the major consolidation exercises in the country’s film exhibition business.

    The CCI has directed PVR to publish details of the combination for bringing the combination to the knowledge or information of the public and persons affected or likely to be affected by such combination.

    Full content: The Hindu

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