The FCCA gives acceptance to corporate acquisition of Pane Invest AB and Vaasan Group

On 8 April 2015, the Finnish Competition and Consumer Authority (FCCA) gave acceptance to the acquisition in which Lantmännen Ekonomisk Föreningen, through Pane Invest AB that it owns in full, gained sole control of Lion/Visor Lux 1 Sàrl, the parent company of Vaasan Group.

The parties to the acquisition operate in the baking industry in Finland.According to FCCA’s estimate, the acquisition will not essentially prevent effective competition in the Finnish market or a substantial part of it. Furthermore, the regulatory reviews conducted did not reveal any harmful impacts related to the acquisition.

FCCA’s decision includes the business secrets of the parties involved. The decision can only be published after the confidential information has been removed, which will take approximately two weeks.