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Takeover gets EC OK

The European Commission has cleared a US takeover of Germany's Green Dot recycling scheme. It has approved the 100% acquisition of Der Grüne Punkt Duales System Deutschland (DSD Germany) by Deutsche Umwelt Investment AG (DUI Germany), itself owned by US investment company Kohlberg Kravis Roberts & Co. L.P (KKR). It has bought control from around 500 manufacturers and retailers who promise via the scheme to take back and suitably recycle their packaging. This entitles ...