Press Release: Mergers: Commission approves proposed acquisition of joint control over Dailycer Group and DVG by OEP and MSP Stiftung

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over Dailycer Group of France and DVG of Germany, both ready-to-eat cereal producers, by private equity fund OEP and MSP Stiftung. As a result of the proposed merger, Dailycer Group and DVG would combine their activities in a full-function joint venture. After examining the proposed concentration, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.