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EU OPENS INVESTIGATION INTO MERGER

EU OPENS INVESTIGATION INTO MERGER



Reuters reports that European Union antitrust regulators have opened an investigation into the proposal by Mondelez International and DE Master Blenders 1753 to combine their coffee businesses.

According to the report, the European Commission said concessions offered by the companies earlier this month to ease competition concerns and which were subsequently market tested were “insufficient” and would “significantly reduce competition for roast and ground coffee in France, Denmark and Latvia, as well as for filter pads in France and Austria.”

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