Associated British Foods, the UK-based group, said today (17 April) that it is “confident” of sealing its acquisition of Dutch yeast firm GBI.

The EU has launched an in-depth investigation into the deal and the potential impact it could have on yeast markets in Portugal, Spain and France.

The European Commission said an initial study into the deal had led to “strong indications of competition problems”.

“The Commission must make sure that the planned transaction would not adversely affect the quality or price of yeast products which are essential for bakeries of all types and sizes and, so directly affect the daily bread of European consumers,” said Competition Commissioner Neelie Kroes.

ABF remained upbeat about its plans to buy GBI. “We will co-operate with the investigation but we are still confident that the deal will go through,” a spokesman told just-food.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.