Cargill get approval to purchase Provimi

Cargill the US agricultural giants secured European Union approval to purchase animal feed producers Provimi for €1.5 billion (US$2.037 billion). The EU said after an investigation that the deal to buy Provimi's holding company KoroFrance would not create competition issues. "The investigation showed that the horizontal overlaps between the activities of Cargill and KoroFrance in animal compound feed and feed mixes would not raise competition concerns given the relatively limited combined market position of the merging parties and the presence of a sufficient number of alternative suppliers," the EU's executive said in a statement. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.