Brussels, 31 July 2023
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by PAI Partners S.à.r.l. of Luxembourg and Nestlé S.A. of Switzerland.
The joint venture, Nestlé’s frozen pizza business, produces and distributes frozen pizza in Andorra, Belgium, Czech Republic, Denmark, Germany, Greece, Hungary, Iceland, Italy, Luxembourg, Malta, Netherlands Slovakia, Sweden and the UK. PAI Partners manages private equity funds which acquire companies, including in the food and consumer sector. Nestlé produces and sells a large variety of food and beverages, as well as pet food and healthcare nutrition products.
The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11147.
Source – EU Commission