European Commission and Directorate-General for Competition 16 February 2016, Commission Decision of 16/02/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.7726 - COTY / PROCTER & GAMBLE BEAUTY BUSINESS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION Brussels, 16.02.2016 C(2016) 1059 final To the notifying party: Dear Sir/Madam, Subject:Case M.7726 - Coty/Procter & Gamble Beauty Businesses Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2 (1) 1.THE PARTIES 2.THE OPERATION 3.EU DIMENSION 4.MARKET DEFINITION 4.1.Introduction 4.2.