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Fri, Oct 15, 2021 17:06
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UK Watchdog Clears Graphic Packaging's Planned Acquisition of AR Packaging

ATLANTA (From news reports) -- The U.K. Competition and Markets Authority said that it won't refer Graphic Packaging Holding Co.'s planned acquisition of AR Packaging Group AB for a further review.

The regulator started its investigation into the deal in August to see if it would lead to a "substantial lessening of competition" within the U.K.

It said that based on currently available information the CMA won't refer the deal for a Phase 2 investigation under the Enterprise Act 2002.

Graphic Packaging said in May that it would buy AR Packaging from private-equity firm CVC Capital Partners for $1.45 billion in cash.

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