CCI has given approval to the proposed combination of Unilever PLC and Unilever NV.

As per a notice given to the CCI, the proposed transaction is an internal reorganization of the Unilever Group, which will result in the simplification of the existing dual-headed legal structure into a single new holding company, New NV.

It further stated that, the proposed transaction “does not lead to any structural change to markets or to competition, either globally or in India.”

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