Brussels, 19 January 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Musti Group Oyj (‘Musti Group’) of Finland by Sonae SGPS, S.A. (‘Sonae’) of Portugal.
The transaction relates primarily to the sector of pet products (both food and non-food) and pet-related services.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. The notified 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.11368.
Source – EU Commission