ANIMAL FEED JV APPROVED.
The European Commission authorised, on 25 September, the acquisition byaDutch-based Nutreco,aone of the world's leading manufacturers of animal feed premixes, of parts of the animal feed premix business of the German company BASF Aktiengesellschaft in the same sector. Nutreco intends to acquire BASF's premix plants in eight countries (Italy, Poland, UK, US, Mexico, Guatemala, Indonesia and China). Nutreco will not acquire BASF's premix interests in France or Spain or BASF's upstream production of vitamins and feed additives. Although the proposed acquisition would consolidate Nutreco's position as one of the major producers of premixes in Europe, the Commission's investigation showed that the market would remain competitive with a sufficient number of alternative suppliers.
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|Date:||Sep 27, 2007|
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