The European Commission has given the green light to the proposed acquisition of certain OSI Group Companies located in Europe, Brazil and Bermuda by Brazilian meat supplier, Marfrig.

In a statement, the Commission concluded that the operation would not significantly impede effective competition in the European Economic Area (EEA) or in any substantial part of it.

Marfrig is active in the supply of fresh and processed meat (beef and to a lesser extent chicken, pork and lamb) worldwide but only to a limited degree in Europe.

The OSI Group Companies that Marfrig intends to acquire are active in the supply of fresh and processed poultry and other meat products in Europe and Brazil.

"The Commission's examination showed that the proposed operation would not significantly affect competition due to limited market shares and/or very limited horizontal overlaps between the parties' activities in Europe. The potential vertical link between the parties' activities, arising from the fact that they supply both fresh and processed chicken, would not raise competition concerns either. This is because market shares are not high and in all markets concerned the market change resulting from the transaction would be small. The Commission therefore concluded that the proposed transaction would not raise competition concerns," a statement said.