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P&G/Finaf merger approved.

The European Commission has given its approval for the merger between Procter & Gamble, Cincinnati, OH, and the Italian Final group. The new approval - as did the previous directive from the Commission - covers the merging of the feminine hygiene and adult incontinence businesses but excludes the baby diaper businesses.

Under terms of the approval, P&G must attempt to sell the Final baby diaper business and if a buyer is not found by a specified date, the companies must operate their diaper operations separately.

This announcement follows the Commission's statement in April that it would not grant approval for the merger, despite having given its approval last fall (NONWOVENS INDUSTRY, March, 1992).
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Title Annotation:Procter and Gamble Co. and Finaf S.p.A. merger approved by European Commission
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Sep 1, 1992
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