European Commission Clears Acquisition of Huber by Bell
The European Commission has approved the acquisition of Huber of Austria by Bell, part of the Coop Group. Huber produces, processes and distributes chicken and turkey meat, primarily in Austria, Southern Germany and Switzerland. Bell is active in the production, processing and distribution of meat products, sea-food and convenience products in Switzerland and in several countries in the European Economic Area (EEA).
After the transaction Bell will increase its business activities in Austria and Germany. The Commission concluded that the proposed acquisition would raise no competition concerns, because of the minor overlaps between the companies’ activities in the EEA and the low increments resulting from the transaction in the markets where their activities overlap.
