The German Federal Cartel Office has approved the acquisition of plush toy manufacturer Steiff by Ravensburger, the board game and puzzle producer.
The regulator stated that the transaction does not raise competition concerns because the product portfolios of the two companies do not overlap.
This clearance removes the final regulatory hurdle for the deal, allowing Ravensburger to proceed with integrating the historic brand into its operations.
The approval highlights the regulator's focus on market overlap rather than general market concentration in this sector.
With the green light secured, Ravensburger can now finalize the transfer of ownership and begin aligning the Steiff brand with its broader consumer goods strategy.
Investors will look to the company for details on the financial terms of the acquisition and the strategic roadmap for the combined entity in the coming weeks.