European Commission - Daily News
Brussels, 15 January 2016
Following an in-depth review, the Commission has approved under the EU Merger Regulation the acquisition of beverage can manufacturer Rexam by rival Ball .
The Commission's investigation showed that the transaction, as notified, would have reduced competition in the already concentrated markets for beverage cans and risked increasing prices for customers. The Commission's approval is therefore conditional upon Ball divesting ten plants making can bodies and two plants making can ends to a suitable purchaser, so as to address the Commission's concerns.
Commissioner Margrethe Vestager, in charge of competition policy, commented: "Soft drinks or beer in cans are widely consumed by European citizens. The substantial remedies offered will ensure that effective competition is maintained in the already concentrated drink can industry so consumers do not end up paying higher prices for their favourite refreshments".
The full press release is available online in EN, FR and DE. More information on this case is available on the Commission's competition website, in the public case register under the case number M.7567.
(For more information: Ricardo Cardoso – Tel. +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)