Following an in-depth Phase 2 merger investigation, the European Commission has approved subject to conditions the proposed creation of a joint venture between two coffee manufacturers - D.E. Master Blenders 1753 B.V. (DEMB) of The Netherlands and Mondelēz International Inc. of the US. The Commission had concerns that the transaction, as initially notified, would have led to price increases in roast and ground coffee products in France, Denmark and Latvia, as well as in filter pads in Austria and France. To address these concerns Mondelēz has agreed to sell its Carte Noire business across the EEA, while DEMB has agreed to sell its Merrild business across the EEA and license its Senseo brand in Austria. Click here.