Brussels, 31/01/2001 (Agence Europe) - The European Commission has approved the creation of a joint undertaking between the British company Smith & Nephew plc and the German company Beiersdorf AG on condition that the latter respect the substantial commitments they have made.
The Commission feared that the joint venture, held in equal shares and combining the traditional activities of both groups (namely, certain pharmaceutical products), would hold a dominant position on several national...