The EU Commission approves, subject to remedies, a joint venture between UK and German pharmaceuticals companies (Smith & Nephew / Beiersdorf)

"Merger Control: Main developments between 1st January 2001 and 30th April 2001"* At the end of January the Commission gave regulatory clearance to a proposed joint venture between British undertaking Smith & Nephew plc and Beiersdorf AG of Germany after the parties made substantial concessions to resolve competition concerns. The Commission found that the 50/50 joint venture,

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Authors

  • DG Economic and Financial Affairs (ECFIN) (Brussels)
  • DG COMP (Brussels)
  • Financial Conduct Authority (London)

Quotation

Kay Parplies, Carina Joergensen, Neil Marshall, The EU Commission approves, subject to remedies, a joint venture between UK and German pharmaceuticals companies (Smith & Nephew / Beiersdorf), 30 January 2001, e-Competitions January 2001 , Art. N° 39070

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