The Commission of the European Union has granted regulatory clearance to a deal where L'Oréal and Nestlé will acquire joint control of a newly created company which will be active in food products with cosmetic purposes. The French cosmetic group, L'Oréal, and the Swiss food products company, Nestlé, have agreed to create a joint venture which will be active in food products with cosmetic purposes. The operation was notified to the European Commission on 27 June.