BRUSSELS "STOPS THE CLOCK" ON FOOD INGREDIENTS DEAL COMPETITION PROBE
July 1st, 2008
BY ALAN OSBORN
THE EUROPEAN Commission has "put on hold" its investigation into the proposed acquisition of parts of the Netherlands food ingredients company GBI by Associated British Foods of the UK because certain information sought by Brussels had not arrived by the time of an inquiry deadline. A spokeswoman for the Commission's competition directorate said there was "no question of the investigation being called off - we've simply stopped the clock." The probe will be suspended until the information is delivered and the deadline for a ...
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