Switzerland based Nestlé is to further develop its personal care products following its planned acquisition of sole ownership over Galderma, its joint venture with L’Oréal. The European Commission cleared Nestlé to acquire sole control of Galderma on 5 May. Galderma manufactures, markets and sells products including shampoos, soaps, bath, shower and skin care lines, noted a Commission statement. The group consists of Galderma Pharma (Switzerland) and Galderma International (France).
The Commission said in its decision that it approved Nestlé’s move without condition and fast tracked its competition assessment under the EU’s merger regulation. The Commission said it was not concerned this would hurt the sector’s competitiveness and reduce consumer choice because “there are only limited overlaps between the parties’ activities”.
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