FDBusiness.com

European Commission Clears Nestlé’s Acquisition of NESTEA

 Breaking News

European Commission Clears Nestlé’s Acquisition of NESTEA

European Commission Clears Nestlé’s Acquisition of NESTEA
October 17
10:39 2017

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over the NESTEA business, in the European Economic Area except Spain, Portugal and Andorra, by Nestlé. NESTEA branded ready-to-drink tea business is currently operated by Beverage Partners Worldwide, a full-function joint venture between Nestlé and The Coca-Cola Company.

The Commission concluded that the proposed acquisition would raise no competition concerns because Nestlé already had joint control of the business and there are very limited overlaps between the activities of the companies. The operation was examined under the simplified merger review procedure.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements