BRUSSELS PROBE LIKELY TO IMPOSE CONDITIONS ON MAJOR EU SUGAR DEAL
November 1st, 2011
BY KEITH NUTHALL
The European Commission could impose significant conditions on the planned purchase of a 25% stake by German sugar giant Sudzucker of Britain's ED&F MAN (EDFM) because it regards it as a defacto takeover. Speaking about the Commission's launch of a detailed inquiry into the deal, a spokeswoman told just-food that its officials were asked to approve it as a merger, noting: "Whether a company acquires 'control' is not determined only by...a majority shareholding, but... many other factors." The transfer of control is raising ...
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