A PYMNTS Company

Spain: EU green lights food packaging merger

By  |  March 14, 2014

The European Commission announced Friday it has approved of US food packaging company Crown Holdings to acquire Spain-based food can manufacturer Mivisa Envases.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports say the merger was conditional upon Crown divesting assets in Spain that also manufacturer food cans. Mivisa must divest some plants in the Netherlands as well, reports say.

    Among geographical markets under concern by the Commission included the Netherlands, Portugal, Spain, France, Belgium and Luxembourg; the concessions are aimed at preventing any product price hikes in these regions.

    Financial details of the transaction were not reported.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.