Italian food-service equipment maker Ali group secured conditional EU antitrust approval on Friday for its $3.4 billion for Welbilt after agreeing to sell its US rival’s global ice-making machine business.
The European Commission said the asset divestment included three manufacturing facilities in China, Mexico and the United States.
“Following the transaction, the combined entity would become the largest manufacturer and supplier of ice-making machines in the EEA (European Economic Area) and would have faced limited competitive pressure from competitors,” the EU competition watchdog said in a statement.
Ali Group operates worldwide and supplies food-service equipment to businesses ranging from hotels to schools and supermarkets.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Covington & Burling Expands UK Antitrust Team with Senior ICO Counsel
Oct 14, 2024 by
CPI
Aldi Eyed Kroger-Albertsons Stores Before C&S Deal
Oct 14, 2024 by
CPI
Blue Cross Blue Shield Agrees to Pay $2.8 Billion to Settle Antitrust Claims
Oct 14, 2024 by
CPI
Spain’s BBVA Faces Lengthy Antitrust Review in Hostile Sabadell Takeover Bid
Oct 14, 2024 by
CPI
Hermes Faces Renewed Antitrust Claims Over Birkin Bag Sales Practices
Oct 14, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh