US battery maker Energizer gained EU antitrust approval on Tuesday, December 11, for its US$2 billion bid for Spectrum Brands’ battery and portable lighting business after agreeing to sell a Spectrum unit in Europe.
The European Commission stated the sale of Spectrum’s Europe-based Varta consumer battery business addressed its concerns. Energizer’s brands include Energizer and Eveready batteries.
The deal has already secured unconditional approval in the United States and Australia.
Full Content: Reuters
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