HUNGARY: Spar’s acquisition of Plus Hungary cleared
Spar's Hungarian business has received clearance from the European Commission's competition watchdog to buy rival supermarket chain Plus Hungary.
Following an investigation into the merger the Commission concluded that the deal would not diminish competition in the market.
"The combined firm would continue to face several strong and effective competitors in food retail with significant market shares both at national and local levels," the Commission said in a statement.
"The proposed transaction would not lead to a significant increase of buyer power for the combined firm vis-a-vis its suppliers," the statement concluded.
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The EU's ban on imports of poultry and poultry products from the US is to stay, at least for the time being, EU agriculture ministers have decided....
Friesland Foods and Campina, the Dutch dairy groups set to merge to create a EUR9.1bn (US$12.85bn) giant, today (17 December) welcomed EU clearance of the deal - but expressed "regret" that parts of t...
The EU today (17 December) cleared the merger between dairy companies Campina and Friesland Foods - provided the Dutch firms sell off a slew of businesses....
The European Commission has ordered EU-funded emergency storage for up to 30,000 tonnes of healthy Irish pigmeat, following a collapse in demand caused by the country's dioxin contamination crisis....
The Greek cheese industry is set to receive EUR2.6m (US$3.5m) in marketing subsidies from the European Commission over three years, while the Irish meat sector - under pressure from the dioxin crisis ...
The European Commission has agreed a communication to improve the functioning of the food supply chain in a bid to lower prices for consumers....
The European Food Safety Authority has downplayed the threat to health posed by the consumption of Irish pork, some of which was found to contain illegal levels of dioxins....
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