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| 17 apr 2018 |
01:04 |
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EC clears acquisition of Ojah BV by the Colruyt and Kerry Group
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Proparent, 100% shareholder of Ojah BV of the Netherlands by Korys Investment of Belgium and the Kerry Group of Ireland. Ojah BV manufactures plant based protein products that serve as meat and fish replacement.
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Korys is an investment vehicle of the Colruyt Group, which is active in the retail distribution of daily consumer goods in Belgium, Luxembourg and France. Kerry is a manufacturer of food ingredients and flavours for the food, beverage and pharmaceutical industry. The Commission concluded that the proposed acquisition would raise no competition concerns given that the joint venture would not have significant activities in the European Economic Area and the limited overlap between the companies' activites.
The operation was examined under the simplified merger review procedure. More information will be available on the Commission's competition website, in the public case register under the case number M.8838.
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