The European Commission has approved under the EU Merger Regulation the acquisition of Candy of Italy by Haier of the People's Republic of China. Both Haier and Candy are active in the manufacture and sale of electric domestic appliances, such as cooking appliances, microwaves, refrigerators and freezers in Europe and worldwide...
The Commission concluded that the proposed acquisition would raise no competition concerns because of Haier's limited presence on the European markets for electric domestic appliances, which are characterised by the presence of a large number of competitors all over Europe. The operation was examined under the normal merger review procedure. More information will be available on the Commission's competition website, in the public case register under the case number M.9139.
