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EU: $9.73B coffee deal to be decided in June

 |  May 15, 2013

The European Commission has announced it will use its simplified merger procedure to assess a deal worth about $9.73 billion, which sees a buyout of Douwe Egberts coffee by a German investor. Douwe, based in the Netherlands, would land in the hands of Joh A Benckiser, which recently bought out D.E. Master Blenders 1753. The Commission has set a date of June 19 to rule on the proposed acquisition, though according to reports, the offer is likely to get a green light as regulators do not see likely competition concerns arising from the deal.

Full Content: Reuters

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