logo
Plus   Neg
Share
Email

CMA: Ecolab's Acquisition Of Holchem Raises Competition Concerns - Quick Facts

The Competition and Markets Authority, or CMA, announced Ecolab's purchase of Holchem raises competition concerns in relation to cleaning services for food, drink and dairy businesses. The CMA stated that, following the Phase 1 investigation, it has identified concerns that the acquisition could adversely affect these businesses as a result of higher prices or lower quality services.

Ecolab now has until 17 April to offer a solution to the CMA's concerns. Otherwise, the merger will be referred for an in-depth Phase 2 investigation, the CMA noted.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT