INTERNATIONAL REGULATORY ROUND UP – BRUSSELS PROBES CARGILL-ADM CHOCOLATE DEAL
April 1st, 2015
THE EUROPEAN Commission may block or impose conditions on a planned acquisition by US-based Cargill of the industrial chocolate business of its American rival Archer Daniels Midland (ADM). The European Union (EU) executive’s directorate general for competition has opened an in-depth investigation into the deal, to assess whether it could damage the availability of reasonably priced supplies of this key confectionery input. Both companies supply industrial chocolate as well as fat-based coatings and fillings.A Commission note said it was particularly ...
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