Press Release: Mergers: Commission approves proposed acquisition of ConvaTec by Nordic Capital, subject to conditions

The European Commission cleared under the EU Merger Regulation the proposed acquisition of ConvaTec of the US by Nordic Capital of Jersey, the Channel Islands. The Commission's decision is conditional upon the commitment by Nordic Capital to divest its entire wound care business as well as its ophthalmic needles business both located at the Redditch site. In light of this commitment, the Commission has concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.