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2021-12-14
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Amazon says India revoking Future deal would boost Reliance, hurt competition<blockquote>亚马逊表示印度撤销未来交易将增强信任并损害竞争</blockquote>
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The two sides have been at loggerheads since last year with the U.S. company successfully using the terms of its toehold investment in 2019 to block debt-laden Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.</p><p><blockquote>CCI的审查是在亚马逊现已疏远的合作伙伴Future提出投诉后引发的。自去年以来,双方一直争执不下,这家美国公司在2019年成功利用其toehold投资条款,阻止了负债累累的Future以34亿美元的价格向Reliance Industries出售零售资产的尝试。</blockquote></p><p> While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India's retail sector.</p><p><blockquote>虽然Future正面临清算,但这笔2亿美元的小额交易的合法性可能会对印度零售业产生深远的影响。</blockquote></p><p> If Amazon prevails, it will slow Reliance's plan to acquire Future at a time when it is already rapidly expanding into e-commerce.</p><p><blockquote>如果亚马逊获胜,将减缓Reliance收购Future的计划,而此时Reliance已经在迅速向电子商务领域扩张。</blockquote></p><p> And if the 2019 deal is voided, it could make it easier for Reliance to close the Future deal, hurting Amazon's retail ambitions, people familiar with the dispute say.</p><p><blockquote>知情人士表示,如果2019年的交易无效,可能会让Reliance更容易完成未来的交易,从而损害亚马逊的零售雄心。</blockquote></p><p> Amazon in a confidential filing on Dec. 12 said CCI's approval revocation is \"bound to send a message to foreign investors that the economy and regulatory landscape of India are still not developed enough to provide stability and certainty to foreign investments\".</p><p><blockquote>亚马逊在12月12日的一份机密文件中表示,CCI撤销批准“必然会向外国投资者发出一个信息,即印度的经济和监管格局仍不够发达,无法为外国投资提供稳定性和确定性”。</blockquote></p><p> Amazon in its 60-page submission went on to say Future's aim \"to unwind the investment\" to allow Reliance to consolidate its position \"will further restrict competition in the Indian retail market\".</p><p><blockquote>亚马逊在长达60页的提交材料中接着表示,Future的目标是“解除投资”,让Reliance巩固其地位,“将进一步限制印度零售市场的竞争”。</blockquote></p><p> The bruising public battle over Future Retail pits Jeff Bezos' Amazon against Reliance, run by one of India's richest men, Mukesh Ambani, in a bid for retail dominance in India.</p><p><blockquote>围绕未来零售业的激烈公开斗争让杰夫·贝索斯(Elon Musk)旗下的亚马逊与印度首富之一凯什·安巴尼(Mukesh Ambani)经营的信实(Reliance)展开,争夺印度零售业的主导地位。</blockquote></p><p> Reliance is India's No. 1 retailer with more than 13,000 outlets, and rapidly expanding into e-commerce.</p><p><blockquote>Reliance是印度第一大零售商,拥有13,000多家门店,并迅速向电子商务领域扩张。</blockquote></p><p> Future Retail ranks second with more than 1,500 outlets.</p><p><blockquote>未来零售以1500多家网点位居第二。</blockquote></p><p> Amazon, Reliance and Future did not respond to a request for comment. The CCI also did not respond.</p><p><blockquote>亚马逊、Reliance和Future没有回应置评请求。CCI也没有回应。</blockquote></p><p> NO INFO CONCEALED, CCI HAS 'NO POWER'</p><p><blockquote>没有隐藏信息,CCI“没有权力”</blockquote></p><p> The Future-Reliance deal has been on hold as Amazon got favorable interim rulings from a Singapore arbitrator and Indian courts. Future denies any wrongdoing, and the dispute continues to be heard in multiple forums.</p><p><blockquote>由于亚马逊从新加坡仲裁员和印度法院获得了有利的临时裁决,Future-Reliance交易一直被搁置。Future否认有任何不当行为,争议继续在多个论坛上审理。</blockquote></p><p> Amazon has argued that terms agreed upon in its 2019 deal to pay $200 million for a 49% stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to certain rivals, including Reliance.</p><p><blockquote>亚马逊辩称,2019年支付2亿美元购买Future礼券部门49%股份的交易中达成的条款阻止了其母公司Future Group将其Future Retail Ltd业务出售给包括Reliance在内的某些竞争对手。</blockquote></p><p> In June, the CCI sought explanation from Amazon saying it hid factual aspects of the transaction by not revealing its strategic interest in Future Retail while seeking approvals.</p><p><blockquote>6月,CCI要求亚马逊做出解释,称其在寻求批准时没有透露其对未来零售的战略利益,从而隐藏了交易的事实。</blockquote></p><p> In its Dec. 12 response to the CCI - being reported here for the first time - Amazon argues no information was concealed from the CCI and lawyers representing the Future Group \"had vetted and approved\" all submissions.</p><p><blockquote>亚马逊在12月12日对CCI的回应中辩称,没有向CCI隐瞒任何信息,代表未来集团的律师“已经审查并批准了”所有提交的材料。</blockquote></p><p> \"There was no concealment of any material information,\" Amazon's filing states.</p><p><blockquote>亚马逊的文件称:“没有隐瞒任何重要信息。”</blockquote></p><p> The CCI's 2019 approval order states its decision \"shall stand revoked if, at any time, the information provided\" is found to be incorrect.</p><p><blockquote>CCI 2019年的批准令规定,“如果在任何时候发现所提供的信息”不正确,其决定将被撤销。</blockquote></p><p> But Amazon in its submission argues the CCI has no power to do so, saying its approval order as per Indian laws is a final one, not conditional.</p><p><blockquote>但亚马逊在提交的材料中辩称,CCI无权这样做,称根据印度法律,其批准令是最终的,而不是有条件的。</blockquote></p><p> \"The power to revoke an approval is a drastic power and is not available to a statutory authority unless expressly provided\" in Indian law, Amazon argued.</p><p><blockquote>亚马逊辩称,“撤销批准的权力是一项严厉的权力,除非印度法律明确规定,否则法定机构无法获得”。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon says India revoking Future deal would boost Reliance, hurt competition<blockquote>亚马逊表示印度撤销未来交易将增强信任并损害竞争</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-14 23:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to \"further restrict competition\", a legal document seen by Reuters showed.</p><p><blockquote>路透社看到的一份法律文件显示,亚马逊警告印度反垄断机构,撤销2019年与Future Group的交易将向外国投资者发出负面信号,并允许当地零售巨头Reliance“进一步限制竞争”。</blockquote></p><p> The Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.</p><p><blockquote>印度竞争委员会(CCI)正在审查其先前对这家美国公司2019年对未来部门投资2亿美元的批准,因为有人指控亚马逊在寻求交易批准时隐瞒了事实。</blockquote></p><p> The CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year with the U.S. company successfully using the terms of its toehold investment in 2019 to block debt-laden Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.</p><p><blockquote>CCI的审查是在亚马逊现已疏远的合作伙伴Future提出投诉后引发的。自去年以来,双方一直争执不下,这家美国公司在2019年成功利用其toehold投资条款,阻止了负债累累的Future以34亿美元的价格向Reliance Industries出售零售资产的尝试。</blockquote></p><p> While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India's retail sector.</p><p><blockquote>虽然Future正面临清算,但这笔2亿美元的小额交易的合法性可能会对印度零售业产生深远的影响。</blockquote></p><p> If Amazon prevails, it will slow Reliance's plan to acquire Future at a time when it is already rapidly expanding into e-commerce.</p><p><blockquote>如果亚马逊获胜,将减缓Reliance收购Future的计划,而此时Reliance已经在迅速向电子商务领域扩张。</blockquote></p><p> And if the 2019 deal is voided, it could make it easier for Reliance to close the Future deal, hurting Amazon's retail ambitions, people familiar with the dispute say.</p><p><blockquote>知情人士表示,如果2019年的交易无效,可能会让Reliance更容易完成未来的交易,从而损害亚马逊的零售雄心。</blockquote></p><p> Amazon in a confidential filing on Dec. 12 said CCI's approval revocation is \"bound to send a message to foreign investors that the economy and regulatory landscape of India are still not developed enough to provide stability and certainty to foreign investments\".</p><p><blockquote>亚马逊在12月12日的一份机密文件中表示,CCI撤销批准“必然会向外国投资者发出一个信息,即印度的经济和监管格局仍不够发达,无法为外国投资提供稳定性和确定性”。</blockquote></p><p> Amazon in its 60-page submission went on to say Future's aim \"to unwind the investment\" to allow Reliance to consolidate its position \"will further restrict competition in the Indian retail market\".</p><p><blockquote>亚马逊在长达60页的提交材料中接着表示,Future的目标是“解除投资”,让Reliance巩固其地位,“将进一步限制印度零售市场的竞争”。</blockquote></p><p> The bruising public battle over Future Retail pits Jeff Bezos' Amazon against Reliance, run by one of India's richest men, Mukesh Ambani, in a bid for retail dominance in India.</p><p><blockquote>围绕未来零售业的激烈公开斗争让杰夫·贝索斯(Elon Musk)旗下的亚马逊与印度首富之一凯什·安巴尼(Mukesh Ambani)经营的信实(Reliance)展开,争夺印度零售业的主导地位。</blockquote></p><p> Reliance is India's No. 1 retailer with more than 13,000 outlets, and rapidly expanding into e-commerce.</p><p><blockquote>Reliance是印度第一大零售商,拥有13,000多家门店,并迅速向电子商务领域扩张。</blockquote></p><p> Future Retail ranks second with more than 1,500 outlets.</p><p><blockquote>未来零售以1500多家网点位居第二。</blockquote></p><p> Amazon, Reliance and Future did not respond to a request for comment. The CCI also did not respond.</p><p><blockquote>亚马逊、Reliance和Future没有回应置评请求。CCI也没有回应。</blockquote></p><p> NO INFO CONCEALED, CCI HAS 'NO POWER'</p><p><blockquote>没有隐藏信息,CCI“没有权力”</blockquote></p><p> The Future-Reliance deal has been on hold as Amazon got favorable interim rulings from a Singapore arbitrator and Indian courts. Future denies any wrongdoing, and the dispute continues to be heard in multiple forums.</p><p><blockquote>由于亚马逊从新加坡仲裁员和印度法院获得了有利的临时裁决,Future-Reliance交易一直被搁置。Future否认有任何不当行为,争议继续在多个论坛上审理。</blockquote></p><p> Amazon has argued that terms agreed upon in its 2019 deal to pay $200 million for a 49% stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to certain rivals, including Reliance.</p><p><blockquote>亚马逊辩称,2019年支付2亿美元购买Future礼券部门49%股份的交易中达成的条款阻止了其母公司Future Group将其Future Retail Ltd业务出售给包括Reliance在内的某些竞争对手。</blockquote></p><p> In June, the CCI sought explanation from Amazon saying it hid factual aspects of the transaction by not revealing its strategic interest in Future Retail while seeking approvals.</p><p><blockquote>6月,CCI要求亚马逊做出解释,称其在寻求批准时没有透露其对未来零售的战略利益,从而隐藏了交易的事实。</blockquote></p><p> In its Dec. 12 response to the CCI - being reported here for the first time - Amazon argues no information was concealed from the CCI and lawyers representing the Future Group \"had vetted and approved\" all submissions.</p><p><blockquote>亚马逊在12月12日对CCI的回应中辩称,没有向CCI隐瞒任何信息,代表未来集团的律师“已经审查并批准了”所有提交的材料。</blockquote></p><p> \"There was no concealment of any material information,\" Amazon's filing states.</p><p><blockquote>亚马逊的文件称:“没有隐瞒任何重要信息。”</blockquote></p><p> The CCI's 2019 approval order states its decision \"shall stand revoked if, at any time, the information provided\" is found to be incorrect.</p><p><blockquote>CCI 2019年的批准令规定,“如果在任何时候发现所提供的信息”不正确,其决定将被撤销。</blockquote></p><p> But Amazon in its submission argues the CCI has no power to do so, saying its approval order as per Indian laws is a final one, not conditional.</p><p><blockquote>但亚马逊在提交的材料中辩称,CCI无权这样做,称根据印度法律,其批准令是最终的,而不是有条件的。</blockquote></p><p> \"The power to revoke an approval is a drastic power and is not available to a statutory authority unless expressly provided\" in Indian law, Amazon argued.</p><p><blockquote>亚马逊辩称,“撤销批准的权力是一项严厉的权力,除非印度法律明确规定,否则法定机构无法获得”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/exclusive-amazon-says-india-revoking-150205041.html\">Reuters</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/exclusive-amazon-says-india-revoking-150205041.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151007810","content_text":"Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to \"further restrict competition\", a legal document seen by Reuters showed.\nThe Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.\nThe CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year with the U.S. company successfully using the terms of its toehold investment in 2019 to block debt-laden Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.\nWhile Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India's retail sector.\nIf Amazon prevails, it will slow Reliance's plan to acquire Future at a time when it is already rapidly expanding into e-commerce.\nAnd if the 2019 deal is voided, it could make it easier for Reliance to close the Future deal, hurting Amazon's retail ambitions, people familiar with the dispute say.\nAmazon in a confidential filing on Dec. 12 said CCI's approval revocation is \"bound to send a message to foreign investors that the economy and regulatory landscape of India are still not developed enough to provide stability and certainty to foreign investments\".\nAmazon in its 60-page submission went on to say Future's aim \"to unwind the investment\" to allow Reliance to consolidate its position \"will further restrict competition in the Indian retail market\".\nThe bruising public battle over Future Retail pits Jeff Bezos' Amazon against Reliance, run by one of India's richest men, Mukesh Ambani, in a bid for retail dominance in India.\nReliance is India's No. 1 retailer with more than 13,000 outlets, and rapidly expanding into e-commerce.\nFuture Retail ranks second with more than 1,500 outlets.\nAmazon, Reliance and Future did not respond to a request for comment. The CCI also did not respond.\nNO INFO CONCEALED, CCI HAS 'NO POWER'\nThe Future-Reliance deal has been on hold as Amazon got favorable interim rulings from a Singapore arbitrator and Indian courts. Future denies any wrongdoing, and the dispute continues to be heard in multiple forums.\nAmazon has argued that terms agreed upon in its 2019 deal to pay $200 million for a 49% stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to certain rivals, including Reliance.\nIn June, the CCI sought explanation from Amazon saying it hid factual aspects of the transaction by not revealing its strategic interest in Future Retail while seeking approvals.\nIn its Dec. 12 response to the CCI - being reported here for the first time - Amazon argues no information was concealed from the CCI and lawyers representing the Future Group \"had vetted and approved\" all submissions.\n\"There was no concealment of any material information,\" Amazon's filing states.\nThe CCI's 2019 approval order states its decision \"shall stand revoked if, at any time, the information provided\" is found to be incorrect.\nBut Amazon in its submission argues the CCI has no power to do so, saying its approval order as per Indian laws is a final one, not conditional.\n\"The power to revoke an approval is a drastic power and is not available to a statutory authority unless expressly provided\" in Indian law, Amazon argued.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1086,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/607110891"}
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