UK

ABP's acquisition of Linden Foods approved by the European Commission

Mergers & Acquisitions

The European Commission has just announced that it cleared unconditionally the proposed joint acquisition of joint control over Linden Foods by ABP Food Group and Fane Valley.

Posted on Oct 03 ,07:00

 

The Commission concludes that the acquisition will not damage competition in the EU Single Market.

ABP already has a non-controlling interest in Linden and proposes to increase its shareholding to 50% with the effect that, following the transaction, Linden will be jointly controlled by ABP and Fane Valley, the EC statement read.

ABP, Fane Valley, and Linden are active in Ireland and the UK in the purchase and slaughter of live cattle, sheep, and lambs, as well as the processing of their meat. The companies also have overlapping activities in the market for the sale of fresh and processed meat, and the markets for animal by-products.

Comments

Similar articles