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Europe Daily Bulletin No. 8993

19 July 2005
Contents Publication in full By article 20 / 37
GENERAL NEWS / (eu) eu/competition
Conditional green light to Procter & Gamble's purchase of Gillette

Brussels, 18/07/2005 (Agence Europe) - The European Commission has given its conditional green light to the purchase of Gillette by Procter & Gamble. This operation will lead to the merger of two American market leaders for consumer goods, the Commission took pains to analyse the possible effects on the market. The new group which will emerge from the operation will become one of the largest producers of consumer goods in the world, with an annual turnover close to 50 billion EUR. Procter &...

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