Green light in EU to sale of Merck KGaA’s OTC division to P&G

Germany-based Merck KGaA has obtained by the European Union competition watchdogs the authorization to sell its OTC division to P&G for €3.4bn. The transaction was announced as early as last April. Specifically, the German company will sell a part of its group with 3,300 employees, of which as many as 300 in Germany.

(Source: Handelsblatt)