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EC Statement: Mergers - Commission accepts referral of proposed acquisition of Sara Lee's air care unit by Procter & Gamble

( March 31, 2010, 15:35 GMT | Official Statement) -- Extract: The European Commission has accepted the request by five EU countries to assess under the EU Merger Regulation the proposed acquisition of Sara Lee Air Care business by Procter & Gamble. The deal did not qualify for the EU's one-stop shop review because the merging parties does not meet the triggering turnover threshold, but the national competition authorities of Belgium, Germany, Spain, Portugal and the United Kingdom asked the Commission to examine the impact of the deal on their territories.The European Commission has accepted the request by five EU countries to assess under the EU Merger Regulation the proposed acquisition of Sara Lee Air Care business by Procter & Gamble. The deal did not qualify for the EU's one-stop shop review because the merging parties does not meet the triggering turnover threshold, but the national competition authorities of Belgium, Germany, Spain, Portugal and the United Kingdom asked the Commission to examine the impact of the deal on their territories....

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