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Phase I clearance in Imperial/Altadis tobacco merger

 

19 October 2007

The European Commission (Commission) has approved the anticipated acquisition of Altadis S.A. by Imperial Tobacco Group plc, subject to conditions.  

Imperial has agreed to divest one or more brands in the markets where the Commission identified competition concerns (roll-your-own tobacco in France, Italy, Portugal and Spain, pipe tobacco in Finland and France, and cigars in Greece). The Commission found that the proposed transaction would not raise competition concerns in the cigarette market.

Allen & Overy is acting for Imperial in this case.

Click here for the Commission's press release .

 

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