World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Baxter International Cleared to Acquire Gambro AB

Baxter International Cleared to Acquire Gambro AB Subject to a Divestment Undertaking

The Commerce Commission has cleared Baxter International Inc (Baxter) to acquire 100% of the shares in Gambro AB (Gambro). The clearance is conditional on Baxter selling its worldwide Continuous Renal Replacement Therapy (CRRT) business to a third party.

Baxter and Gambro are both large international companies supplying a range of medical equipment and consumables. The proposed acquisition affects the markets for the supply of kidney dialysis systems for the treatment of acute and chronic kidney disorders, particularly the supply of Haemodialysis (HD) systems, CRRT machines, consumables, and fluids in New Zealand.

The Commission is satisfied that the low aggregation of market share, coupled with the presence of strong existing competitors, means that the proposed acquisition would not result in a substantial lessening of competition in the market for the supply of HD treatment systems.

However, the Commission considered that the proposed acquisition would be likely to result in a substantial lessening of competition in the market for the supply of CRRT machines, consumables, and fluids, as Baxter and Gambro are currently the only two suppliers of these products in New Zealand. Baxter has therefore provided an undertaking that it will sell its worldwide CRRT business to a third party.

“The Commission is satisfied that the divestment of the CRRT business to an independent competitor will be sufficient to remedy the competitive harm”, said Commerce Commission Chairman Dr Mark Berry.

A public version of the written reasons for the decision will be available soon on the Commission's website at www.comcom.govt.nz/clearances-register

ENDS

© Scoop Media

 
 
 
World Headlines

 



UN: Bachelet Calls On Mexico To Step Up Efforts As Tragic Milestone Reached Of More Than 100,000 Disappearances

UN High Commissioner for Human Rights Michelle Bachelet on Tuesday called on the Mexican authorities to step up efforts to ensure truth and justice for victims of disappearances, who now number more than 100,000, according to official data... More>>


ADC: Statement On The Assassination Of Shireen Abu Akleh

Early this morning in Jenin, Occupied Palestine, revered Palestinian voice Shireen Abu Akleh, a Palestinian American journalist for Al Jazeera, was assassinated by Israeli Occupation Forces snipers...
More>>



Ukraine: UN Rights Office Probe Spotlights Harrowing Plight Of Civilians

Almost 76 days since Russia invaded Ukraine, countless civilians remain caught up in the horror and destruction of war, UN rights investigators said on Tuesday... More>>



Access Now: Elon Musk’s Twitter Buyout Must Not Come At The Expense Of Human Rights

Following today’s announcement that Elon Musk will acquire complete ownership of Twitter in a cash sale of around 44 billion USD, pending shareholder approval, Access Now urges Twitter’s Board, employees, and shareholders... More>>



UN: Biodiversity And Ecosystem Protection Highlighted On Mother Earth Day

Marking International Mother Earth Day, UN General Assembly President Abdulla Shahid urged on Friday, for collective action to safeguard biodiversity and protect ecosystems... More>>

Ukraine: Hundreds More Reach Safety After Fleeing Besieged Mariupol
In Ukraine, humanitarians said on Wednesday that hundreds of people have managed to reach safety after fleeing Mariupol, where there’s also been condemnation for the killing of Lithuanian filmmaker Mantas Kvedaravicius... More>>