The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Panzani SAS (‘Panzani’) of France by CVC Partners SICAV-FIS S.A. (‘CVC’) of Luxembourg.
Panzani manufactures and distributes dry pasta, couscous, semolina, sauces and ready meals. CVC is active in the management of investment funds and platforms. The Commission concluded that the proposed acquisition would raise no competition concerns, because there are no horizontal overlaps or vertical relationships between the business activities of Panzani and those of CVC within the European Economic Area. The transaction was examined under the simplified merger review procedure.
- Date de publication
- 7 décembre 2021
- Représentation au Luxembourg