BERLIN : EU antitrust rules should be beefed up to allow regulators to break up companies for serious breaches, German State Secretary Sven Giegold said on Wednesday, urging EU competition chief Margrethe Vestager to consider this when reforming regulations.
Vestager's proposal to reform the rules came as companies complained about lengthy proceedings and demands for information ranging from minutiae to complex data. "Market investigations and structural remedies should also be on the table for the upcoming review of the regulation 1/2003 that Vice President Margaret Vestager has announced recently," he told a conference organised by the German cartel office.
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