Brussels, 24/03/2005 (Agence Europe) - The European Commission has cleared the proposed acquisition of the importing and trading business of Pagnan by Cargill Incorporated. Pagnan is active in the trading of grains and oilseed meals, as well as the production and sale of animal feed products. Most of this business is carried out within Italy. Cargill Incorporated (Cargill) is an international company active in a wide variety of businesses, including agricultural commodity trading, agricultural commodity processing and the production and marketing of agricultural inputs to farmers. The Commission's investigation revealed limited horizontal overlaps as Pagnan's acquired businesses are focussed on Italy, while Cargill has only a limited presence in that country. In addition, although Cargill is active in a number of upstream and downstream markets, there is no significant risk to competition given the small size of Pagnan's businesses and the fact that Pagnan is already a long time importer of agricultural commodities from Cargill.