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EU APPROVES OLAM’S ACQUISITION OF ADM COCOA BUSINESS

EU APPROVES OLAM’S ACQUISITION OF ADM COCOA BUSINESS



The European Commission has approved the acquisition of ADM’s cocoa business by Olam International.

The Commission said it had concluded that the proposed acquisition “would raise no competition concerns, given the companies’ moderate combined market positions and the presence of a number of strong players supplying beans and cocoa products in the European Economic Area (EEA).”

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