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Image header Agence Europe
Europe Daily Bulletin No. 8902
Contents Publication in full By article 10 / 52
GENERAL NEWS / (eu) eu/competition

Commission authorises purchase of de Chips by Orkla under certain conditions

Brussels, 04/03/2005 (Agence Europe) - The Commission has conditionally authorised the acquisition of all shares in the Finnish foodstuff company Chips by the Norwegian group Orkla. According to the Commission, the operation would pose serious problems on the Finnish market for the sale of frozen pizzas; however, the commitments made by Orkla have enabled the approval of the operation. The Norwegian group proposed the cancellation of an existing agreement between Chips and the Swedish company Gunnar Dafgard which covers all sales of Chips frozen pizzas in Finland. The brand Billy's Pizza will now be managed and distributed independently from the merged activities. The Commission investigation into savoury goods produced by Orkla and those sold by Chips did not reveal any threat to competition, given that the products belong to different markets.

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