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Image header Agence Europe
Europe Daily Bulletin No. 10578
Contents Publication in full By article 21 / 37
ECONOMY - FINANCE - BUSINESS / (ae) competition

20/03/2012 (Agence Europe) - Mergers: Ipanema. On Tuesday 20 March, the European Commission granted clearance to the acquisition of joint control of Brazil's Ipanema Agricola S/A and Ipanema Commercial e Exportadora S/A (together “Ipanema”) by Mitsubishi Corporation of Japan, Tchibo Holdings GmbH of Austria (a subsidiary of Maxingvest AG, which is mainly active through its subsidiaries in the coffee and non-food sector) and Brazilian companies ML Participações S/A, Paraguaçu Participações LTDA and Friele Brazil AS. Ipanema, is active, mainly in Brazil, in the field of the growing, processing, producing, and marketing and selling of coffee beans and roasted coffee, and was previously jointly controlled by ML Participações S/A, Paraguaçu Participações LTDA, Friele Brazil and Mirian de Salles Gomes Fernandes. The deal was examined under the simplified merger review procedure. (FG/transl.fl)

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