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EU to clear Baxter's $4 billion buy of Sweden's Gambro: sources

Started by riky, July 11, 2013, 09:00:23 AM

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riky

EU to clear Baxter's $4 billion buy of Sweden's Gambro: sources

By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators will approve a $4 billion bid by Baxter International Inc for Sweden's Gambro AB after the U.S. company offered to sell a unit to ease competition concerns, two people familiar with the matter said on Wednesday. The deal, which Baxter announced in December last year, would make it the second-biggest manufacturer in the dialysis market, a sector set to expand in line with rising obesity and diabetes. Gambro, based in Lund, Sweden, is one of the largest makers of equipment for hemodialysis, which is usually done in a hospital or ...

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