The European Commission authorised American group Kraft Foods to buy British company Cadbury. On one condition: the new entity must give up Cadbury chocolate producing operations in Romania and Poland, Romanian news agency Mediafax informs. The Competition European Commissioner Neelie Kroes said she was satisfied by the conditions imposed on the transaction, indicating that Kraft's overtaking Cadbury will not have a negative impact on competition and consumers in the European Union.
"Taking into consideration the proposed collective measures, the Commission concluded that the transaction would not reduce competition significantly in the European Economic Space or in any of its other parts", an EC report read on Wednesday evening, January 6 2010.
Read more:http://english.hotnews.ro/stiri-business-6792814-kraft-gives-cadbury-operations-romania-and-poland-request.htm
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