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Europe Daily Bulletin No. 8956

28 May 2005
Contents Publication in full By article 16 / 46
GENERAL NEWS / (eu) eu/competition
Conditional go-ahead for acquisition of Hexal by Novartis

Brussels, 27/05/2005 (Agence Europe) - The European Commission has conditionally cleared under the EU Merger Regulation the proposed acquisition of Hexal, a German producer of generic medicines, and 67.7% of its US sister company Eon Labs, by Swiss pharmaceuticals company Novartis, in a deal which creates the largest European producer of generics. The Commission's clearance is subject to a number of conditions intended to safeguard competition in areas where the transaction raised...

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