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Israel Approves Kimberly-Clark Merger With Condition to Sell Kotex and Carefree Brands
Israel's Competition Authority has approved the merger between Kimberly-Clark and Kenvue, requiring Kimberly-Clark to sell its Israeli feminine hygiene business, including Kotex and Lily brands. The decision aims to prevent significant harm to competition in the market, where both companies are major players.
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What happened
- 01Israel's Competition Authority approved the Kimberly-Clark and Kenvue merger with a condition.
- 02Kimberly-Clark must sell its feminine hygiene operations in Israel, including Kotex and Lily.
- 03The merger raised concerns about significant harm to competition in the feminine hygiene market.
- 04Both companies are among the top three competitors in Israel's feminine hygiene sector.
- 05The sale must be finalized before the merger is completed and the buyer approved.
The sale must be completed before the merger is finalized, with the buyer subject to regulatory approval.
The coverage
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