I. Background In December 2008, the European Commission (EC) cleared the proposed merger between the two largest dairy cooperatives in the Netherlands: Friesland Foods and Campina. The clearance came after a Phase II investigation, subject to commitments offered by the parties. The EC considered whether the transaction could give rise to unilateral effects across a number of dairy products: basic dairy, cheese, cream, flavoured dairy drinks, emulsions and pharma lactose [1]. In addition to these unilateral effects, the EC also considered certain vertical aspects of the transaction. The latter arose because of the parties' position on the market for the procurement of raw milk that serves as an essential input into the production of all dairy products. This short note comments on
The EU Commission clears a merger between two major dairy cooperatives in the Netherlands, subject to remedies (Friesland Foods / Campina)
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