Acquisition of Walter Rau Neusser Öl und Fett by Bunge Receives Green Light
The European Commission has approved under the EU Merger Regulation the acquisition of Walter Rau Neusser Öl und Fett AG (WRAG) of Germany, by Bunge Deutschland GmbH (Germany), a subsidiary of Bunge of the United States. WRAG is active in the processing and blending of vegetable oils and fats primarily for industrial food processors and production and marketing of edible oils.
WRAG’s sole facility is located in Neuss, Germany. Bunge is a global food and agribusiness group active in the production and sale of products such as sugar, edible oils, fats and bio-fuels and in the distribution of fertiliser products. The Commission concluded that the proposed acquisition would not raise competition concerns, because of the moderate increment in market shares brought about by the transaction, the different business focus of the Parties and the presence of strong competitors in the markets. The transaction was examined under the normal merger review procedure.
