Competition watchdog clears Inapa, OptiGroup business combination in Germany
BRUSSELS, July 11, 2019 (PPI Europe) -Portugal’s Inapa and Sweden’s OptiGroup have received the go-ahead for the planned combination of their paper distribution units in Germany. The competition commission Bundeskartellamt approved the transaction on July 4.
Inapa and OptiGroup revealed plans to unite their respective paper distribution operations in Germany, Papier Union and Papyrus Deutschland, in October last year. The deal was originally expected to close in December. However, the Bundeskartellamt decided to take a closer look at the proposed deal, and the deadline for the investigation was extended several times.
“At this point, all conditions of the share purchase agreement, signed ...