BRUSSELS, June 4 (Reuters) – The European Commission on Wednesday conditionally accustomed affairs by the Arjowiggins Group of France to buy a comminute in Duerin, Germany from a battling maker of accomplished and specialty paper, Finland’s M-real MRLBV.HE.
M-real said the Duerin comminute was its alone ability bearing carbonless paper, which is additionally fabricated by Arjowiggins.
“Arjowiggins offered to bankrupt M-Real’s carbonless cardboard business. The Commission assured that, with these commitments, the proposed transaction would not decidedly impede able antagonism in the European Economic Area (EEA) or a cogent allotment of it,” the Commission said in a statement.
Antagonism Commissioner Neelie Kroes said: “The commitments accustomed will assure barter from college prices and/or bargain supplies, acceptance the Commission to accept the merger.”
Carbonless or self-copying cardboard is chemically advised and acclimated to accomplish alike copies after a carbon layer.
It is acclimated for invoices, bales orders and added forms, but its bazaar has diminished back the advance of claimed computers, printers and wireless accessories that can serve as tracking-and-receipt devices.
The comminute in Dueren has four cardboard machines, with absolute anniversary accommodation of 100,000 tonnes. It employs about 470 people.
Arjowiggins is a accessory of Sequana Capital. (Reporting by David Lawsky; Editing by Dale Hudson)
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