Baxter International Inc Wins Conditional EU Clearance For Gambro Takeover-Reuters

Monday, 22 Jul 2013 11:32am EDT 

Reuters reported that Baxter International Inc has secured EU regulatory approval on Monday for its proposed $4 billion acquisition of Swedish peer Gambro AB after pledging to divest a unit to allay competition concerns. The European Commission said Baxter will sell its global continuous renal replacement therapy (CRRT) business including supply deals and intellectual property rights. Reuters had flagged the EU approval on July 10. Baxter is buying Gambro from Swedish investment holding company Investor AB and its partly owned private equity company EQT. 

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