Johnson accepts Competition Commission's conclusions on Coloplast/SSL merger.

0 Comments | M2 Presswire, June, 2002

M2 PRESSWIRE-14 June 2002-UK Government: Johnson accepts Competition Commission's conclusions on Coloplast/SSL merger (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:06142002 Competition Minister Melanie Johnson today announced that Coloplast should be required to renegotiate one of the elements of its completed acquisition of the continence care business of SSL on the recommendation of the Competition Commission and the advice of the Director General of Fair Trading (DGFT).

Miss Johnson accepted the findings of the Competition Commission that the merger in its present form may be expected to operate against the public interest. As a result of the merger Coloplast's share of the market increased from 34 per cent to 92 per cent. Most of this increase...