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10 oct 2016 |
16:03 |
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EC clears joint acquisition of Slaney Foods JV and Slaney Proteins by ABP Group and Fane Valley
The European Commission has cleared unconditionally, after an investigation under the EU Merger Regulation, the proposed acquisition of joint control of Slaney Foods JV and Slaney Proteins (Ireland) by meat processor ABP Group (Ireland) and farmer-owned agri-food company Fane Valley (United Kingdom). All three companies (ABP, Fane Valley and Slaney) are active in the purchase and slaughter of live cattle, sheep and lambs, as well as de-boning and processing of meat.
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Their activities cover also the marketing of fresh beef, lamb and mutton to meat retailers (including supermarkets) and industrial meat processors. The Commission's investigation focused in particular on the impact of the proposed transaction on competition in the markets where the activities of the parties overlap and which constitute affected markets in terms of EU merger rules: (i) purchasing of live cattle for slaughter in Ireland by ABP and Slaney Foods JV; purchasing of live sheep and lambs for slaughter in an area encompassing Ireland and Northern Ireland by ABP, Slaney Foods JV and Fane Valley; (ii) sale of fresh beef, lamb and mutton in Ireland, including to industrial processors; sale of fresh lamb and mutton meat in Belgium, including to supermarkets by ABP and Slaney Foods JV; (iii) collection of animal by-products, generated by the slaughtering activities, in Ireland by ABP and Slaney Foods JV. The Commission concluded that the proposed acquisition would not adversely impact effective competition in the EU's Single Market as regards any of these markets. The transaction was notified on 2 September 2016. A full press release is available online inEN
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