Friday, June 29, 2007

EU conditionally OKs Nestle's buy of Novartis unit

(Reuters) - The European Union executive said it gave the green light after the world's largest food group offered to divest overlapping activities in France and Spain.



"In the light of these commitments, the Commission has concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it," the executive said in a statement.


Read more at Reuters.com Mergers News

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