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The Merger Situation (Stora/Swedish Match/Gillette) (Interim Provision) Order 1991

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This is the original version (as it was originally made). UK Statutory Instruments are not carried in their revised form on this site.

Explanatory Note

(This note is not part of the Order)

This Order prohibits Gillette UK Limited and Lustrasilk International UK Limited from doing things which might impede the operation of an order which the Secretary of State has under consideration for remedying or preventing the adverse effects specified in the Monopolies and Mergers Commission report on the mergers between enterprises of Stora Kopparbergs Bergslags AB and Swedish Match NV and between those enterprises and The Gillette Company (Cm. 1473, obtainable from Her Majesty’s Stationery Office).

Gillette UK Limited is prohibited from disposing, or agreeing to dispose, of any equity interest which it has in Swedish Match NV or any agreement relating to the equity of Swedish Match.

Lustrasilk International UK Limited is prohibited from disposing, or agreeing to dispose, of any interest which has in the indebtedness of Swedish Match, and from forgiving or accepting repayment of any debt owed to it by Swedish Match.

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