14 December 2005 - After initial analysis, the EU Commission has decided to look in more detail at the planned sale of the Food Ingredients business of Degussa AG, Dusseldorf, to Cargill. This detailed examination of the transaction could take up to 90 working days, and does not prejudice a final decision in any way.
Degussa continues to be confident that the detailed examination will dispel the EU Commission’s initial reservations, and that the transaction will be successfully concluded.
The specialty chemical company announced in September 2005, that it was to sell its Food Ingredients business, with sales of 441 million euros, to the US company Cargill for 540 million euros. The US authorities have already given their clearance for the deal.