The European Commission has cleared, under the European Union’s Merger Regulation, the proposed acquisition of Brazilian pork and poultry producer Seara Alimentos, by US agribusiness Cargill.
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Although it has an impact in Europe, the acquisition poses no serious competition concerns, the Commission said. Both companies are active in the supply of chicken parts in the European Economic Area (EEA) as well as worldwide.
“The principal area of competition between the parties relates to the supply of boneless chicken breast meat products in the EEA. However, the companies overlap only to an insignificant degree and will continue to face competition from other important suppliers,” the Commission said.
