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Image header Agence Europe
Europe Daily Bulletin No. 7786
Contents Publication in full By article 22 / 36
GENERAL NEWS / (eu) eu/competition

Unilever notifies acquisition of Bestfoods

Brussels, 28/08/2000 (Agence Europe) - On 16 August this year the European Commission received notification of a proposed concentration whereby the Anglo-Dutch company Unilever acquires all of the American company Bestfoods through share purchase. The move would give birth to a group predominant in the food products and consumer goods sectors, with a combined turnover of $52.3 billion (on the basis of the 1999 results of both companies). After preliminary examination, the Commission considers that the operation in question could fall within the scopoe of the Community competition rules. Third parties concerned are invited to forward their observations within ten days.

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