(Finance) – The European Commission has approvedpursuant to the EU Merger Regulation, theacquisition of the exclusive control of the Italian Bubbles BidCo (Acqua & Sapone brand) by the British TDR Capital. The operation mainly concerns the retail sale in Italy of consumer products for health, beauty and the home, such as soaps and detergents for the body and home care.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies do not operate in the same or vertically related markets. The notified transaction was examined under the simplified concentration examination procedure.