EU Commission authorises the acquisition of Agribrands International by Cargill

- Last updated on GMT

Related tags: European union

The European Commission has granted regulatory clearance to the
acquisition by Cargill Inc. of Agribrands International, a
U.S.-based producer and marketer...

The European Commission has granted regulatory clearance to the acquisition by Cargill Inc. of Agribrands International, a U.S.-based producer and marketer of animal feeds and other agricultural products. The all-American deal will not affect competition in Europe as the companies' activities are largely complementary. The European animal feed businesses of Cargill​ and Agribrands​ are largely complementary and only overlap in Spain and Portugal where the parties will have a combined market share of below 15%. The Commission also looked at the deal's impact on the market for oilseed meal, an upstream market for animal feed in which Cargill is the leading European producer with a EU-wide market share of over 25%. But its investigation showed that there are a number of important, internationally active competitors present in this market.

Related topics: Policy

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