Regulators cost merging businesses £7m
A study by PricewaterhouseCoopers has found that large companies that undertake cross-border mergers face a 'tax' of up to £7m due to costs incurred by the high number of antitrust regulators.
The report, published today and based on 51 companies that had been through 500 merger reviews in over 50 countries, found that the US has the most expensive regulators. An extensive review by the Department of Justice or the Federal Trade Commission costs more than £550,000, a figure twice that of an EU review.
The report also found that Brazil is the slowest regulator, with a review there taking up to a year compared to 8 months in the US.