EU: Amcor wins conditional approval for US$5.25B Bemis deal

Australian packaging company Amcor secured EU antitrust approval for its US$5.25 billion buy of Bemis after agreeing to sell the US company’s medical packaging business in Europe to address competition concerns, reported Reuters.

Amcor, the world’s biggest listed packaging company, announced the deal in August last year, which will add some new products to its portfolio and also boost its presence in the Americas.

The European Commission voiced concerns about the combined company’s strength in medical packaging, in which it would be three times larger than the second-ranked player. Amcor subsequently pledged to sell Bemis’s business in the sector.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.