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LNM Invest's acquisition of Bai Center can proceed, following New Caledonia green light

( November 5, 2025, 01:09 GMT | Official Statement) -- MLex Summary: LNM Invest has received the green light to acquire Bai Center, with New Caledonia’s mergers watchdog announcing it was “unlikely” that vertical integration of the relevant markets would lead to the loss of “significant opportunities.” In a statement, the Autorité de la concurrence de la Nouvelle-Calédonie said the transaction wasn’t likely to lead to lock-in strategies favoring the LNM Invest group, including a refusal to supply competitors. Bati Center operates in the market for the trade of floor- and wall-covering products, in which LNM Invest, through its ownership of stakes in DPN TCE and Neves Plâtrerie, is located as a downstream customer in the French Pacific territory.The statement follows, in French: ...

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