financetom
Business
financetom
/
Business
/
Market Chatter: Procter & Gamble Reportedly Targeted by Informal EU Probe Over Concerns Related to Cross-Border Sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Procter & Gamble Reportedly Targeted by Informal EU Probe Over Concerns Related to Cross-Border Sales
Apr 10, 2025 4:40 AM

07:25 AM EDT, 04/10/2025 (MT Newswires) -- Procter & Gamble ( PG ) has been identified as the previously unnamed company under informal investigation by European Union antitrust regulators for potentially restricting cross-border product sales within the bloc, Bloomberg reported, citing unnamed sources familiar with the case.

The European Commission reportedly suspects Procter & Gamble ( PG ) may have segmented product sales across the EU to prevent lower-priced goods from moving freely between countries.

The investigation was first revealed in March without naming the company, with the EU officials only stating that a firm in the "personal care sector" was involved, the report said.

No formal charges have been filed against Procter & Gamble ( PG ) and the inquiry remains in its preliminary stages, the report said and added that "regulators often drop investigations in the fact-finding stages if their initial concerns can't be backed up."

Procter & Gamble ( PG ) did not immediately respond to requests for comment from MT Newswires. The European Commission declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Political Uncertainty Could Complicate Timing of Next Bank of Japan Rate Hike, Says Mitsubishi UFG
Political Uncertainty Could Complicate Timing of Next Bank of Japan Rate Hike, Says Mitsubishi UFG
Jan 28, 2025
06:52 AM EST, 01/28/2025 (MT Newswires) -- It has been a volatile start to the week for the yen (JPY), said MUFG. After strengthening sharply on Monday driven by a pick-up in safe-haven demand triggered by the sharp sell-off in United States tech stocks, it has since largely reversed those gains, wrote the bank in a note to clients. At...
Kimberly-Clark's Q4 Adjusted Earnings, Net Sales Decline; Shares Drop Premarket
Kimberly-Clark's Q4 Adjusted Earnings, Net Sales Decline; Shares Drop Premarket
Jan 28, 2025
06:55 AM EST, 01/28/2025 (MT Newswires) -- Kimberly-Clark ( KMB ) reported Q4 adjusted earnings Tuesday of $1.50 per share, down from $1.51 a year earlier. Analysts surveyed by FactSet expected $1.51. Net sales for the quarter ended Dec. 31 were $4.93 billion, down from $4.97 billion a year earlier. Analysts polled by FactSet expected $4.86 billion. The company said...
General Motors Q4 Adjusted Earnings, Revenue Increase; 2025 Guidance Issued
General Motors Q4 Adjusted Earnings, Revenue Increase; 2025 Guidance Issued
Jan 28, 2025
06:54 AM EST, 01/28/2025 (MT Newswires) -- General Motors ( GM ) reported Q4 adjusted earnings Tuesday of $1.92 per diluted share, up from $1.24 a year earlier. Analysts polled by FactSet expected $1.85. Revenue for the quarter ended Dec. 31 was $47.70 billion, up from $42.98 billion a year earlier. Analysts polled by FactSet expected $44.98 billion. The company...
Lantheus Holdings to Acquire Evergreen Theragnostics in All-Cash Transaction
Lantheus Holdings to Acquire Evergreen Theragnostics in All-Cash Transaction
Jan 28, 2025
06:51 AM EST, 01/28/2025 (MT Newswires) -- Lantheus Holdings Inc ( LNTH ) said Tuesday that it entered a definitive agreement to acquire Evergreen Theragnostics in an all-cash transaction. The transaction will consist of an upfront payment of $250 million and up to an additional $752.5 million in potential milestone payments, the company said. The acquisition has been approved by...
Copyright 2023-2025 - www.financetom.com All Rights Reserved