7-Aug-2015 4:00 PM
European Commission clears acquisition of World Duty Free by Dufry
European Commission approved (06-Aug-2015) under the EU Merger Regulation the acquisition of World Duty Free by Dufry. Both companies are global travel retail companies, which operate predominately at airports in Europe, North America and Asia. The Commission concluded that the "proposed acquisition would not raise competition concerns given the companies' moderate combined market positions resulting from the transaction, the presence of strong competitors and pricing constraints imposed on travel retail companies by airport operators". The transaction was examined under the normal merger review procedure. [more - original PR]