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Europe Daily Bulletin No. 8516

1 August 2003
Contents Publication in full By article 12 / 25
GENERAL NEWS / (eu) eu/competition
Commission clears Procter & Gamble's acquisition of Wella subject to conditions

Brussels, 31/07/2003 (Agence Europe) - The European Commission has cleared the proposed acquisition by the American Procter & Gamble Company of the German company Wella AG subject to a package of commitments. The Commission had identified competition concerns in markets for retail hair care products in Ireland, Norway and Sweden. With respect to haircare, only Wella is active in the markets for professional hair care products (hairdresser channel), whereas the parties have overlaps in the...

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GENERAL NEWS