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Europe Daily Bulletin No. 12401

11 January 2020
Contents Publication in full By article 19 / 30
ECONOMY - FINANCE - BUSINESS / Competition
Commission clears acquisition of Allergan by AbbVie, subject to conditions
Brussels, 10/01/2020 (Agence Europe)

The European Commission cleared on Friday 10 January the proposed acquisition of Allergan Plc. (Republic of Ireland) by AbbVie Inc. (United States) for $63 billion (56.75 billion euros). Approval is conditional upon the divestment by Allergan of a product for the treatment of inflammatory bowel diseases.

Margrethe Vestager, Executive Vice-President of the Commission, explained that the Commission’s decision ensures that the merger “will not disrupt the development of a promising...

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