EU Approves Kimberly-Clark's $40 Billion Kenvue Deal
11 Articles
11 Articles
The European Commission authorizes the purchase of Kenvue by Kimberly-Clark, conditional on the sale of female hygiene brands to avoid monopolies.Dilek, a Turkish company, will acquire these brands, ensuring competition in the European market.The transaction is valued at 48.7 billion dollars.
The European Commission approved on Tuesday (13) the acquisition of the Tylenol manufacturer Kenvue by Kimberly-Clark, after the manufacturer of Kleenex paper sheets and Huggie diapers offering concessions to resolve competition concerns of the European Union. Kimberly-Clark undertook to sell all its brands of internal absorbents and other female hygiene products in the European Economic Area, informed the European Commission, the body responsib…
The European Commission has approved the US company Kimberly-Clark's $40 billion takeover of consumer goods manufacturer Kenvue, clearing one of the key regulatory hurdles to the completion of this major international acquisition. Kimberly-Clark is known globally for brands such as Kleenex and Huggies, while Kenvue has the well-known drug brand Tylenol in its portfolio. The European [...]
Commission approves Kimberly-Clark's acquisition of Kenvue, subject to conditions - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com European Union News
(Credit: Unsplash) This article is brought to you in association with the European Commission. The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Kimberly-Clark Corporation (‘Kimberly-Clark‘) of Kenvue Inc (‘Kenvue’). The approval is conditional upon full compliance with the commitments offered by Kimberly-Clark. Kimberly-Clark is globally active in the production and sale of personal care products …
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