The European Commission approves Chr. Hansen acquisition by PAI
The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
21/07/05 The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the food ingredient activities of the Danish company Chr. Hansen, by the French independent investment company PAI Partners SAS (“PAI”). After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Chr. Hansen is part of the Chr. Hansen Holding A/S which, in addition to the food ingredient branch acquired by PAI, is also active in the production of pharmaceuticals.
The Commission’s examination of the deal has confirmed that there exist no horizontal overlaps between the activities of the parties, including their subsidiaries.
The Commission has concluded that there would be no risk of any of the affected markets concerned being closed off, as there are alternative and competing sources of supply and that no concerns exist as regards the other actual and potential vertical relationships.
http://www.noticias.info/asp/aspComunicados.asp?nid=85061&src=0
