Salomé Cisnal De Ugarte

Merger Control, FDI and FSR

Atlas Holdings on its £263 million acquisition of currency printer De La Rue, a printer of banknotes for the Bank of England and governments around the world.
AURES Holdings, a leading multibrand pre-owned vehicle retailer in Central Europe owned by Abris Capital Partners, on its acquisition by EP Equity Investments (EPEI) of Luxembourg.
Blackstone Infrastructure on its acquisition of a £235 million stake of AGS Airports (AGS), a platform of high-quality freehold airports providing access to key U.K. markets, from AviAlliance.
EVO Payments, a leading global provider of payment technology integrations and acquiring solutions, on its $4 billion acquisition by global payment technology and software company Global Payments.
Exterran Corporation, a global leader in natural gas compression, processing and treatment, on its $1.5 billion acquisition by energy infrastructure company Enerflex in an all-stock deal.
Glatfelter Corporation (now Magnera Corporation) on its $3.6 billion merger with Berry Global Group’s Health, Hygiene and Specialties Global Nonwovens and Films business, resulting in the creation a global leader in the specialty materials industry.
Mativ Holdings, a global leader in specialty materials, on the sale of its Engineered Papers Business to Evergreen Hill for $620 million.
NCR Atleos Corporation, the end-to-end ATM management and services company, on its $6.6 billion sale to The Brink’s Company, the global cash management company, to create a leading financial technology infrastructure company.
Utmost Group, a leading provider of insurance and savings solutions, on its acquisition of Lombard International Assurance Holdings.
Weatherford International on its acquisition of Datagration Solutions.

Women in Antitrust
Global Competition Review
Recommended, GCR 100
Global Competition Review
Women Who Shape Brussels
POLITICO Europe
Thought Leader in Competition
Who’s Who Legal / Lexology Index
Ranked lawyer, Competition: EU
Chambers Global & Europe
Leading Partner, Belgium — Competition: EU and Global
Legal 500
Shortlisted, Best Academic Article on Digital
Antitrust Writing Awards, Concurrences
Client-nominated, Stand-out Lawyer for Competition
Thomson Reuters
Member of Editorial Board
Journal of Antitrust Enforcement

"Does the DMA allow for effective compliance?" European Digital Competition Day, Speaker
2026
“Geo-blocking, copyright, and the boundaries of EU competition law: Case T-172/21 Valve v Commission,” Journal of European Competition Law & Practice, Author 2025), article shortlisted for the Best Academic: Digital,
2026
“European Union: Commission zeroes in on innovation in merger control and pay-for-delay cases,” The GCR Guide to Life Sciences — Third Edition, Author
2024
“European Union Regulatory Challenges Complicating Development of International Green Hydrogen Projects,” The Global Regulatory Developments Journal, Author
2024
“European Union: Commission Intensifies Merger Review Focus on Pipeline Products and Pay-for-Delay Cases in the Spotlight,” The GCR Guide to Life Sciences — Second Edition, Author
2023
“EU Illumina-Grail Fine Cools Cos.'' Merger Control Approach,” Law360, Author
2023
“Microsoft Takeover Shows the Need For EU-UK Cooperation,” Law360, Author
2023
“A New Era for Merger Control : An Increasingly Fragmented and Uncertain Regulatory Landscape,” CoRe, Author
2022
“A Power Grab Too Far? The European Commission Extends Its Merger Control Reach,” ABA Antitrust Law Section Podcast, Guest
2021
“EU Competition Policy for the Digital Age – Key Developments and Emerging Trends,” Competition Policy International (CPI), Author
2019
“Huawei/ZTE: Towards a More Demanding Standard of Abuse in Essential Patent Cases,” Journal of European Competition Law & Practice, Author
2016

Antitrust & Competition

Mergers & Acquisitions

Salomé Cisnal De UgarteSaloméCisnal De Ugarte

REPRESENTATIONS

RECOGNITIONS

Global Competition Review

Global Competition Review

POLITICO Europe

Who’s Who Legal / Lexology Index

Chambers Global & Europe

Legal 500

Antitrust Writing Awards, Concurrences

Thomson Reuters

Journal of Antitrust Enforcement

NEWS & THOUGHT LEADERSHIP

PUBLICATIONS

"Does the DMA allow for effective compliance?" European Digital Competition Day, Speaker

“Geo-blocking, copyright, and the boundaries of EU competition law: Case T-172/21 Valve v Commission,” Journal of European Competition Law & Practice, Author 2025), article shortlisted for the Best Academic: Digital,

“European Union: Commission zeroes in on innovation in merger control and pay-for-delay cases,” The GCR Guide to Life Sciences — Third Edition, Author

“European Union Regulatory Challenges Complicating Development of International Green Hydrogen Projects,” The Global Regulatory Developments Journal, Author

“European Union: Commission Intensifies Merger Review Focus on Pipeline Products and Pay-for-Delay Cases in the Spotlight,” The GCR Guide to Life Sciences — Second Edition, Author

“EU Illumina-Grail Fine Cools Cos.'' Merger Control Approach,” Law360, Author

“Microsoft Takeover Shows the Need For EU-UK Cooperation,” Law360, Author

“A New Era for Merger Control : An Increasingly Fragmented and Uncertain Regulatory Landscape,” CoRe, Author

“A Power Grab Too Far? The European Commission Extends Its Merger Control Reach,” ABA Antitrust Law Section Podcast, Guest

“EU Competition Policy for the Digital Age – Key Developments and Emerging Trends,” Competition Policy International (CPI), Author

“Huawei/ZTE: Towards a More Demanding Standard of Abuse in Essential Patent Cases,” Journal of European Competition Law & Practice, Author

PRACTICE AREAS