06/05/2014 (Agence Europe) - Fusion BayWa AG and Agrifirm Group. On Monday 5 May, the European Commission announced that it has given the green light to the creation of a full joint venture, Agrimec Group B.V., between Agrifirm Group B.V. of the Netherlands and BayWa AG of Germany. Agrimec Group B.V. is currently a wholly-owned subsidiary of Agrifirm Group B.V., a cooperative enterprise of Dutch farmers and horticulturalists, which provides products and services in the agricultural sector. BayWa AG is mainly active in agricultural products, energy products and building materials. The joint venture will import and distribute agricultural machinery and provide related after-sales services mainly in the Netherlands. The Commission concluded that the proposed acquisition would not raise competition concerns, due to the parties' moderate combined market positions resulting from the proposed transaction. (EL)