European Commission clears Novozymes, Chr. Hansen merger
12/12/2023 15:30
PARIS, Dec 12 (Reuters) - The European Commission said
in a statement on Tuesday it had cleared the merger between
Danish food ingredients and enzymes makers Novozymes NZYMb.CO
and Chr. Hansen CHRH.CO , subject to conditions.
Reuters reported on Dec. 6, based on sources, that the
companies were expected to get EU antitrust approval for their
all-share $22 billion tie-up, based on remedies offered to
address competition concerns.
Novozymes, which makes enzymes for household products, food
and beverages and biofuels, and Chr. Hansen, an enzyme maker for
the food sector, last month offered to sell part of the combined
company's global lactase enzyme business, saying that a buyer
had already been found.
The deal, the largest merger in Denmark, would create a
global ingredients giant.
(Reporting by Foo Yun Chee, editing by GV De Clercq)
((geert.declercq@tr.com;))