Ads
By
Reuters
Published
Feb 18, 2009
Download
Download the article
Print
Text size

EU clears Johnson & Johnson to buy Vania and Polive

By
Reuters
Published
Feb 18, 2009

BRUSSELS, Feb 18 (Reuters) - French cosmetic and hygiene group Johnson & Johnson, won permission from the European Commission on Wednesday, to take full control of two French makers of feminine protection products.

Johnson & Johnson, a subsidiary of U.S. Johnson & Johnson (JNJ.N) already owns 50 percent each of both Vania and Polivé.

The Commission, competition watchdog of the 27-nation European Union, cleared the firm to buy remaining shares of both companies, active in the French cosmetics and female sanitary protection products market.

The Commission said in a statement that the two companies concentrate on different sales channels from Johnson & Johnson and as such, the transaction would not impede competition. (Reporting by Bate Felix)

© Thomson Reuters 2024 All rights reserved.