SÜDZUCKER WELCOMES EU APPROVAL OF ED&F DEAL
May 1st, 2012
BY KEITH NUTHALL
EUROPE'S largest sugar company - Germany's Südzucker - has "welcomed" the European Commission approving it joining forces with the continent's second largest sugar player, Britain's ED&F Man. A spokesperson noted Brussels had "determined that in most European markets the merger will have no adverse impact on competition." The company added that to "alleviate possible concerns in Italy" over the 25% (minus one share) stake purchase, ED&F Man would sell its holdings in the Brindisi refinery - "the ...
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