The Competition Authority Approves the Merger of Cloetta and Leaf
The Swedish Competition Authority has on February 3, 2012 approved the merger of Cloetta and LEAF. The condition regarding approval by the relevant competition authorities is thus satisfied.
Feb 7 2012 --- As previously announced, Cloetta AB (publ) entered, on December 15, 2011, into an agreement with Leaf Holding S.A.* to purchase all shares in Leaf Holland B.V. (”LEAF”). The acquisition of LEAF is, as previously announced, conditional upon approval by the shareholders of Cloetta at an extraordinary general meeting and approval by the relevant competition authorities.
The Swedish Competition Authority has on February 3, 2012 approved the merger of Cloetta and LEAF. The condition regarding approval by the relevant competition authorities is thus satisfied. An extraordinary general meeting will be held in Cloetta on February 15, 2012 in order for the shareholders of Cloetta to be able to approve the merger.
