The European Commission has given French vegetable oil producer Cereol the go-ahead to sell its cooking oil unit Lesieur to a joint venture operated by Cereol and French oilseeds firm Soprol.

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When oilseed processing giant Bunge bought Cereol last year, it said it wanted to sell most of the stake in Lesieur.

Lesieur is to be sold for €181m (US$196m) to Saipol, reported Reuters.

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