EU Clears Suntory, Castel Buy Of Covea Group Subsidiaries
EU Clears Suntory, Castel Buy Of Covea Group Subsidiaries
Apr 1, 2011 6
(Dow Jones)--The European Commission cleared the proposed acquisition by Suntory and Castel of joint control of Grands Millesimes de France as well as the simultaneous acquisition by Castel of sole control of Savour Club and MAAF Subsidiaries, it said in a statement Friday.
All target companies are subsidiaries of the French Covea Group.
Suntory is a Japanese group active mainly in the production and distribution of alcohol and non-alcoholic beverages.
Castel is a French producer and distributor of alcohol and non-alcoholic beverages. Together, Suntory and Castel acquire joint control of Grands Millesimes de France, a French holding company with participations in different companies active in the wine sector.
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