Press Release: Mergers: Commission opens in-depth investigation into Arjowiggins’ proposed acquisition of M-real Zanders’ Reflex mill

The European Commission has opened a detailed investigation under the EU Merger Regulation into the proposed acquisition of M-real Zanders' Reflex mill located in Düren, Germany by Arjowiggins of France. Both companies produce carbonless paper and other speciality premium fine paper. The Commission's initial market investigation has indicated that the proposed merger would raise serious doubts with regard to the carbonless paper market. A decision to open an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days (until 28 April 2008) to take a final decision on whether the proposed transaction would significantly impede effective competition within the European Economic Area (EEA) or a significant part of it.