Press Release: Mergers: Commission clears acquisition of animal feed producer KoroFrance by the Cargill Group

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the French company KoroFrance, the holding company of the animal feed Provimi Group, by the US based company Cargill. The Commission concluded that the proposed transaction would not raise competition concerns as the merged entity would continue to be constrained by a number of other players.

The Commission particularly examined the competitive effects of the proposed acquisition in the markets for the supply of compound feed and feed mixes, as well as on crude and refined seed oil.

The investigation showed that the horizontal overlaps between the activities of Cargill and KoroFrance in animal compound feed and feed mixes would not raise competition concerns given the relatively limited combined market position of the merging parties and the presence of a sufficient number of alternative suppliers, in the European Economic Area (EEA)