The European Commission has cleared the proposed acquisition of the Swedish State-owned company, V&S Vin & Sprit, by Pernod Ricard of France. Both companies are active in the production and distribution of alcoholic beverages. The Commission's investigation identified competition concerns in a number of national markets where the merged entity would have a strong market position, namely: (i) aniseed flavoured spirits in Finland; (ii) vodka in Greece; (iii) gin in Poland and Sweden; and (iv) cognac, port and Canadian whisky in Sweden. In order to address these concerns, Pernod Ricard offered to divest its business conducted under a number of brands in those markets. Having analysed these commitments, the Commission concluded that they would remedy its concerns and effective competition would not be impeded.