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Clearance For Acquisition of Two Cargill Oilseed Processing Facilities by Bunge

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Clearance For Acquisition of Two Cargill Oilseed Processing Facilities by Bunge

Clearance For Acquisition of Two Cargill Oilseed Processing Facilities by Bunge
February 09
10:11 2017

The European Commission has approved under the EU Merger Regulation the acquisition of two Cargill oilseed processing facilities by Bunge of the Netherlands. The two Cargill oilseed facilities are an oilseed crushing and seed oil refining facilities located in Amsterdam, the Netherlands and an oilseed crushing and storage facilities located in Brest, France.

Bunge is a global agribusiness and food company, notably active in the production of vegetable oils and oilseed meals. Bunge and the Cargill assets sell soybean meal and soybean oil primarily to animal feed, food industry and biodiesel customers.

The Commission concluded that the proposed acquisition would raise no competition concerns because of the presence of several alternative competitors in the soybean meal and oil markets, including importers. The operation was examined under the normal merger review procedure.

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