Südzucker receives approval for proposed stake in ED&F Man
On May 16, 2012, the European Commission approved Südzucker AG Mannheim/Ochsenfurt, Mannheim, to acquire a twenty-five percent stake minus one share in British commodities trading company ED&F Man Holdings Ltd., London, as part of a capital increase. Südzucker and ED&F Man welcome the Commission's decision.
The Commission's investigation determined that in most European markets the merger will have no adverse impact on competition. To alleviate possible concerns in Italy, Südzucker and ED&F Man have declared themselves prepared to accept that ED&F Man will give up its interest in a sugar refinery in Italy.