CHOCOLATE INDUSTRY MERGER CLEARED.
The European Commission authorised, on 2 May, the proposed acquisition by US-based Cargill (food, agricultural and risk management products and services) of sole control over the assets of German chocolate manufacturer Schwartauer Werke GmbH & Co KG Kakao Verarbeitung Berlin (KVB). KVB produces, sells and distributes semi-finished cocoa products (cocoa liquor, cocoa powder and cocoa butter) and industrial chocolate. The operation will have effects on the markets for the procurement of cocoa beans and semi-finished cocoa products (cocoa liquor, cocoa butter and cocoa powder), where both parties are active. The Commission notes, however, that the merged entity would continue to face competition from a number of other strong competitors. After the transaction, customers would still have sufficient alternative suppliers on all the markets concerned.
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|Date:||May 3, 2011|
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