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, which