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EU: Coty receives unconditional antitrust clearance from EC

By  |  February 16, 2016

Coty announced today that it has received unconditional antitrust clearance from the European Commission in connection with Coty’s proposed merger with The Procter & Gamble Company’s (NYSE:PG) fine fragrance, color cosmetics, salon professional and hair color and styling businesses.

Obtaining the European Commission approval represents an important milestone for the transaction to proceed. Coty has already received regulatory approval from the US, and several other required countries.

Coty remains on track to complete the merger in the second half of calendar year 2016, and will provide a more detailed timeframe during its third quarter fiscal 2016 earnings announcement in early May.

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