date:Apr 09, 2013
The Competition Commission of India (CCI) has approved Warren Buffett's Berkshire Hathaway and 3G Capital proposed acquisition of American food company HJ Heinz.
CCI said that the transaction is not likely to have any adverse effect on competition in India.
In February, an investment consortium comprised of Berkshire Hathaway and 3G Capital has entered into an agreement to acquire American food company HJ Heinz for $28bn, including the assumption of outstanding debt.
The transaction is subjec