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Image header Agence Europe
Europe Daily Bulletin No. 10369
Contents Publication in full By article 17 / 37
GENERAL NEWS / (eu) eu/competition

02/05/2011 (Agence Europe) - Mergers: Cargill/KVB. On Monday 2 May, the European Commission cleared the proposed acquisition of sole control over the assets of German chocolate manufacturer Schwartauer Werke GmbH & Co. KG Kakao Verarbeitung Berlin (KVB) by the US-based company Cargill. KVB produces, sells and distributes various semi-finished cocoa products (cocoa liquor, cocoa powder and cocoa butter) and industrial chocolate. The Commission concluded that the proposed acquisition, of which it was notified on 22 March, would not raise competition concerns on the procurement of cocoa beans, semi-finished cocoa products and industrial chocolate, where both parties are active. (F.G./transl.rt)

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