Brussels, Oct. 12 - The European Commission Friday extended its antitrust review into the proposed takeover by French Groupe Danone SA of the Dutch food company Royal Numico NV by 10 working days to Oct. 31.
The extension was granted on commitments offered by Danone, the commissions said. Although not specifically mentioned such commitments usually include divestments in areas of overlap in order to get regulatory clearance.
Danone is offering EUR55 for each Numico share in a bid which values the company known for such brands as Cow and Gate and Nutricia at EUR12.3 billion.