FDBusiness.com

Acquisition of Loders by Bunge and IOI Cleared

 Breaking News
  • £100 Million Müller Programme to Transform UK Fresh Milk Business Müller Milk & Ingredients, Britain’s largest producer of branded and private label fresh and flavoured milk, cream, butter and ingredients, has launched a £100 milliion cost and margin improvement programme which aims to secure a vibrant and sustainable future for the business, to the benefit of consumers, customers, employees and farmers. Project Darwin includes a comprehensive [...]...
  • Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth Coca-Cola European Partners has reported its fifth consecutive quarter of revenue growth and announced plans to trade on the London Stock Exchange. Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%. Coca-Cola Zero Sugar led growth in [...]...
  • DMK Group Opens €145 Million High-tech Baby Food Plant In line with its strategy to create added value and develop its branded business, DMK Group, Germany’s largest dairy co-operative, has opened a new high-tech baby food facility at Strückhausen. Created in May 2011 following the merger of Humana Milchindustrie and Nordmilch, DMK Group has invested €145 million to convert a former dairy plant at [...]...
  • Record Year For Scotch Whisky Exports Official figures from HM Revenue and Customs (HMRC) have revealed a strong year for Scotch whisky exports in 2018, with global growth by both value and volume. In 2018, the export value of Scotch whisky grew 7.8% by value, to a record £4.70 billion. The number of 70cl bottles exported also reached record levels growing to [...]...
  • Kerrygold Unveils Major New Global Campaign Kerrygold, Ireland’s iconic dairy brand and one of the country’s most successful food exports globally, is placing Irish farming families at the fore of a major new global campaign that will reach over 36 million people worldwide and aims to take the brand to new heights. The digital campaign entitled ‘A True Taste of Kerrygold’ puts Ireland’s grass-fed [...]...

Acquisition of Loders by Bunge and IOI Cleared

Acquisition of Loders by Bunge and IOI Cleared
January 25
09:17 2018

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Loders Croklaan Group (Loders) by Koninklijke Bunge (Bunge), both of the Netherlands and by IOI Corporation Berhad (IOI) of Malaysia. Loders produces and supplies high-end semi-specialty and specialty edible oils and fats to industry customers in more than 100 countries worldwide. Bunge trades and mills oil seeds, grains and cereals and produces and markets edible oils. IOI is a Malaysian conglomerate active, amongst others, as a vertically integrated palm oil producer owning and operating palm oil plantations in Malaysia and Indonesia.

The Commission concluded that the proposed acquisition would raise no competition concerns given the very limited horizontal overlaps and vertical links between the companies’ activities. The transaction was examined under the simplified merger review procedure.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements