The Swedish Competition Authority approves Cloetta’s acquisition of Candyking

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.

Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.

About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region, the Netherlands, and Italy. In total, Cloetta products are sold in more than 50 countries worldwide. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 12 production units in six countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com

Tags: