03/06/2014 (Agence Europe) - Golden Compound GmbH joint venture. On Tuesday 3 June, the European Commission gave the go-ahead to the proposed creation of Golden Compound GmbH, a joint venture to be jointly controlled by SPC Sunflower Plastic Compound GmbH (“SPC”) and Cargill GmbH (“Cargill”), all of Germany. SPC develops and markets processes and technologies to produce biomaterials. Cargill is part of the Cargill group which provides products and services to the foodstuff, agricultural, financial and technical industry. Golden Compound will produce and market sunflower plastic compounds in Germany, Austria and Switzerland, based on a technology by SPC. The Commission concluded that the transaction would not raise competition concerns, because Golden Compound has no, or only negligible, current or planned activities within the territory of the European Economic Area. (EL)