Welbilt: Ali Group Gets Conditional EU OK For $3.4B Welbilt Buy

Italian food-service equipment maker Ali group secured conditional EU antitrust approval on Friday for its $3.4 billion for Welbilt after agreeing to sell its US rival's global ice-making machine business. The European Commission said the asset divestment included three manufacturing facilities in China, Mexico and the United States. "Following the transaction, the combined entity would become [...]The post Ali Group Gets Conditional EU OK For $3.4B Welbilt Buy appeared first on Competition Policy International.