Brussels, 19/12/2011 (Agence Europe) - On Monday 19 December, the European Commission cleared the proposed acquisition of the Spanish supplier of the baking industry Panrico by US based alternative investment manager Oaktree. The Commission found that the transaction would not raise competition concerns because there are no overlaps between the parties' activities. The operation was notified to the Commission on 16 November. (LC/transl.fl)