Mofcom gives conditional approval to GM/Delphi and Pfizer/Wyeth

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    clpstaff &clp articles

    Mild behavioural conditions imposed by Mofcom

    China's merger-control regulator has given approval to General Motor's re-acquisition of assets of Delphi Corp, a bankrupt car-parts manufacturer, after the companies agreed to comply with behavioural conditions. The regulator has also separately approved Pfizer's acquisition of Wyeth after extending its review beyond the initial 30-day period.

    In line with the requirements of the PRC Anti-monopoly Law, GM and Delphi filed a merger notification with the Ministry of Commerce (Mofcom) on August 18, but the official review period did not begin until August 31. The delay was apparently due to asking the parties to make two separate supplementary submissions.

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