EU Approves Colgate's Acquisition Of Unilever's Sanex
June 06 2011 - 1:00PM
Dow Jones News
The European Commission has cleared U.S. consumer goods
manufacturer Colgate-Palmolive Co. (CL) to acquire sole control of
Unilever NV's (UN) Sanex business.
The commission found that the merged entity would continue to
face competition from a number of other strong companies, and that
customers would still have sufficient alternative suppliers in all
markets concerned.
Sanex operates in the personal care sector, with a focus on the
markets for bath and shower products, soap and deodorant.
The divestment of Sanex is the result of a commitment made by
Unilever in order to acquire Sara Lee Body Care.
-By Frances Robinson, Dow Jones Newswires; +32 2 741 1486;
frances.robinson@dowjones.com
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