Friday, June 29, 2007

EU conditionally OKs Nestle buy of Novartis unit

(Reuters) - BRUSSELS, June 29 - Nestle has won permission, subject to conditions, from the European Commission on Friday to buy the medical nutrition business of Swiss pharmaceutical group Novartis AG for $2.5 billion.



The European Union executive said on Friday it gave the green light after Nestle offered to divest overlapping activities in France and Spain.


Read more at Reuters.com Mergers News

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