Antitrust authorities in South Africa have said there is no further action to be taken against fats and oil supplier Sime Darby, over its activities involving alleged collusion with Unilever in the manufacture and supply of edible oils and margarine.
Unilever is facing a fine in South Africa for alleged collusion in the manufacture and supply of edible oils and margarine to wholesale and retail customers in the country.
Unilever's business in South Africa was in the spotlight this week after it emerged its offices were raided as part of a probe into collusion. Elsewhere, there were two notable M&A deals in dairy, with Arla Foods looking to merge with Belgium-based EGM Walhorn and Lactalis's Parmalat bolstering its business in Australia with the acquisition of Harvey Fresh.
The South African offices of Unilever and fats and oils supplier Sime Darby have been raided in a search and seizure operation conducted by the country's competition officials.
Palm oil processor Sime Darby is considering setting up a vegetable oil plant in France.
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