Press Release: Mergers: Commission clears acquisition of Holland & Barrett by Letterone Investment

The European Commission has approved, under the EU Merger Regulation, the acquisition of Holland & Barrett of the UK by Letterone Investment of Luxembourg. Holland & Barrett sells health and wellbeing products such as vitamin supplements and health foods online and also through its network of high-street shops. Letterone Investment invests in the telecoms and technology, healthcare and retail sectors. The Commission concluded that the proposed acquisition would raise no competition concerns because the companies’ activities do not overlap and they are not active on related markets. The operation was examined under the simplified merger review procedure. More information will be available on the Commission’s competition website, in the public case register under the case number M.8582. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Maria Sarantopoulou – Tel.: +32 229 13740)

Source: European Commission

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