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EU conditionally clears Cargill purchase of ADM chocolate business

2015-07-17 15:54:00| Agriculture - Topix.net

The European Commission said on Friday that it had approved Cargill's $440 million acquisition of rival Archer Daniels Midland Co's global chocolate business, subject to conditions. The Commission said its investigation had shown the deal would reduce competition in an already concentrated market for industrial chocolate and risked increasing prices for customers located near the parties' German plants, especially small and medium-sized customers.

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