COMMISSION APPROVES JLL PARTNERS AND KONINKIJKE DSM JOINT VENTURE

THE CREATION of a pharmaceutical joint venture by JLL Partners, of the USA, and Koninkijke DSM, of the Netherlands, has been approved by the European Commission, without imposing conditions. Private equity firm JLL and health and food company DSM will each transfer some of their pharmaceutical businesses to the joint venture. It will focus on contract manufacturing outsourcing, active pharmaceutical ingredients and pharmaceutical product development services. A Commission note said the proposed acquisition “would not raise competition concerns”, because ...


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