BRUSSELS CLEARS UK-SPAIN SUGAR DEAL
April 1st, 2009
BY KEITH NUTHALL
THE PLANNED acquisition of Spanish company sugar and bakery ingredient company Azucarera Ebro S.L. by Britain's Associated British Food Plc, owner of British Sugar, has been approved by the European Commission. It concluded there are no serious competition issues associated with this international deal, despite there being some overlap by the companies in sugar sales to Spain and Portugal.
ENDS
THE PLANNED acquisition of Spanish company sugar and bakery ingredient company Azucarera Ebro S.L. by Britain's Associated British Food Plc, owner of British Sugar, has been approved by the European Commission. It concluded there are no serious competition issues associated with this international deal, despite there being some overlap by the companies in sugar sales to Spain and Portugal.
ENDS
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