Press Release: Mergers: Commission approves acquisition of Teva’s over the counter business by Procter & Gamble

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of over-the-counter (OTC) business of the generic pharmaceutical company Teva of Israel by the US company Procter & Gamble (P&G). The Commission concluded that the transaction would not raise competition concerns because it would not significantly alter the market structure.