EU probes P&G's bid for Sara Lee's air care unit

09:07, April 01, 2010      

Email | Print | Subscribe | Comments | Forum 

The European Commission said Wednesday it had accepted the request by five European Union (EU) member states to probe Procter & Gamble (P&G)'s bid for Sara Lee's air care business.

The EU's antitrust watchdog said in a statement that the deal did not qualify for the EU's one-stop shop review because the merging parties does not meet the triggering turnover threshold, but the national competition authorities of Belgium, Germany, Spain, Portugal and Britain asked it to examine the impact of the deal on their territories.

US company P&G is specialized in the manufacturing, development, distribution and marketing of household care, beauty care and health care among other consumer products. Sara Lee's air care business, also from the United States, is active in the manufacturing and marketing of various types of air fresheners.

P&G is bidding to buy Sara Lee's air care business for 470 million US dollars.

The deal was notified for regulatory clearance in Germany and a number of other EU countries as the turnover of the merging parties did not meet the EU thresholds.

Germany and subsequently Belgium, Spain, Portugal, Hungary and Britain submitted a referral request according to EU antitrust rules, under which member states may request the commission to examine a concentration that does not have an EU dimension but affects trade between member states and threatens to significantly affect competition within the territory of the member states making the request.

Source: Global Times

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Photo taken on Sept. 26, 2011 shows the Shundang Caifeng Bridge in Yunlong County of Dali Bai Autonomous Prefecture, southwest China's Yunnan Province. The Shundang Caifeng bridge, a wooden cantilever bridge of almost 400 years, is still used for transportation and tourism. Across the rivers of Dali Bai Autonomous Prefecture stand many bridges with antique flavour, attracting a lot of tourists. (Xinhua/Chen Haining)
  • A donkey carrying goods walks on the Tongjing Bridge in Yunlong County of Dali Bai Autonomous Prefecture, southwest China's Yunnan Province, Sept. 26, 2011. The Tongjing Bridge, a wooden arch bridge of more than 200 years, is still used for transportation and tourism. Across the rivers of Dali Bai Autonomous Prefecture stand many bridges with antique flavour, attracting a lot of tourists. (Xinhua/Chen Haining)
  • Participants have a group photo taken at the World Media Summit Presidium Meeting in Beijing, capital of China, Sept. 27, 2011. Leaders or representatives of 11 world mainstream media attended the meeting opening on Tuesday. (Xinhua/Li Tao)
  • Boeing employees view a 787 Dreamliner scheduled for delivery to All Nippon Airways (ANA) of Japan during a delivery ceremony at Paine Field in Everett, Washington September 26, 2011. (Xinhua/AFP Photo)
  • A visitor watches a portrait of Emperor Kangxi in the Louvre Museum in Paris, capital of France, on Sept. 26, 2011. About 130 artifacts from the Forbidden City, China's ancient imperial palace museum, started to greet the French public in the Louvre Museum on Monday in an exhibition that will run until Jan. 9, 2012. (Xinhua/Gao Jing)
  • A model presents a creation of the Italian fashion brand Normaluisa during the Milan Fashion Week Women's Wear Spring/Summer 2012 in Milan, northern Italy, Sept. 26, 2011. (Xinhua/Wang Qingqin)
Hot Forum Discussion