06/05/2014 (Agence Europe) - Nestlé allowed to buy up Galderma. On Monday 5 May, the European Commission gave the go-ahead to the acquisition of sole control over the Swiss-based Galderma by Nestlé. Galderama is currently jointly controlled by Nestlé and L'Oréal. Galderma produces, markets and sells dermatological products as well as cosmetic and personal care products such as shampoos, soaps, bath, shower and skin care products. Nestlé is active globally in the production, marketing and sale of a large variety of food and beverage products, including dairy products, coffee, cereals and nutrition products. Through its subsidiary Bübchen, Nestlé is also active on the market for cosmetics and personal care products for babies, children and pregnant women. The Commission concluded that the proposed acquisition would not raise competition concerns because there are only limited overlaps between the parties' activities. (EL)