Friday, June 29, 2007

UPDATE 1-EU OKs Nestle buy of Novartis unit with concessions

(Reuters) - The European Union executive said on Friday it gave the
green light after Nestle 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 Government Filings News

No comments: