SARIA AND DANISH CROWN JOINT CONTROL OF DAKA APPROVED: EUROPEAN COMMISSION
July 1st, 2012
BY KITTY SO
THE EUROPEAN Commission has approved the takeover of a new Danish meat supply cooperative Daka by Germany-based SARIA Bio-Industries AG & Co. KG and Denmark-based Danish Crown A/S. In its formal decision backing the establishment of a new Daka joint venture, the Commission said it had "decided not to oppose the notified operation", ruling the deal "would not significantly impede effective competition" in the European Union (EU) meat sector.
The newly-constituted Daka will take over the activities of existing Danish cooperative ...
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