Acquisitions

EU approves Saica’s acquisition of Emin Leydier

0
1572

In a decision published on 23th January 2018, the EU Commission declared its approval of the acquisition of Emin Leydier www.emin-leydier.com, i.e. A French producer of containerboard and corrugated board, by the Spanish Saica www.saica.com. According to the Commission, the operation does not violate the principles of competition, as both companies have a limited share in the corrugated packaging market.

On 20th December 2017, the Commission was notified of the acquisition project. According to the notification, Saica acquired the control of the entire Emin Leydier through the purchase of company shares. In a statement in the Official Journal of the European Union, the European Commission had stated that a preliminary exam had highlighted that the notified operation could fall within the scope of the regulation on market concentrations. Yet, it had also observed that this could have been the case for a simplified procedure.