The Swedish Competition Authority has today decided to permit Cloetta’s acquisition of Candyking. Closing of the acquisition is estimated to occur at the turn of April and May.
On 17 February 2017, Cloetta announced that it had entered into an agreement to acquire Candyking Holding AB (”Candyking”). The acquisition of Candyking is subject to approval by the Swedish Competition Authority. The Swedish Competition Authority has today, 5 April 2017, decided to grant permission to the acquisition. The condition regarding the Swedish Competition Authority’s approval is thereby fulfilled. Closing of the acquisition is estimated to occur at the turn of April and May.
This information constituted before the publication inside information and is such information that Cloetta AB (publ) is required to disclose pursuant to the EU’s Market Abuse Regulation. The information was submitted, by the below contact person, for publication on 5 April 2017 at 3:00 pm CET.
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.