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March 4, 2016

DMK, Doc Kaas merger back on

A proposed merger between European dairy co-operatives DMK and DOC Kaas is back on after the European Commission gave the deal the green light yesterday (3 March).

A proposed merger between European dairy co-operatives DMK and DOC Kaas is back on after the European Commission gave the deal the green light yesterday (3 March).

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DOC Kaas said the merger would be implemented by 1 April.

Arjan Schimmel, DOC Kaas’ CEO, said: “We are pleased that the European Commission has approved [the] merger as both companies can use it to enhance their competitiveness in international markets”. 

Schimmel added the merger allowed the firms to meet their long and short term objectives and the needs of shareholders.

Josef Schwaiger, CEO of DMK said: “The merger will strengthen the competitiveness of DMK Group and DOC Kaas.”

Schwaiger insisted the transaction would not only benefit the German and Dutch dairy markets but also the wider European dairy industry.

At the end of last year, the merger plans were put on hold. At the time, the companies said it was due to “the complexity of the markets for dairy products demand[ing] a more extensive portrayal of market conditions”.

“The parties concerned therefore believe that retracting and then resubmitting the merger is the most efficient and quickest option for achieving the desired approval,” they said at the time.

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Free Report
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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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