EU clears Berkshire Hathaway's purchase of Duracell
By Philip Blenkinsop
The Commission said in a statement the proposed acquisition would not raise competition concerns given the absence of horizontal overlaps and the existence of numerous competitors in the vertically related market where the parties are active.
Berkshire Hathaway, owned by billionaire Warren Buffet, announced in November that it was paying P&G with $4.7 billion of shares it owns in the world's largest consumer products company.
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