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Gemeaz Cusin acquisition by Avenance Italia approved by Commission

By  |  March 26, 2012

The European Commission has cleared Avenance Italia’s proposed acquisition of Gemeaz Cusin. Both companies are active in the provision of contract foodservices in Italy, especially in the defense and public security services sector.

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    An investigation showed that the merged entity would continue to face sufficient competition and that alternative suppliers in all markets existed with low switching costs. Moreover, the parties’ strong position in the market for contract foodservices in the defense sector is attributed to one contract that will expire in 2012.

    Full content: EC Press Release

     

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