:. Food Industry News

Categories: Mergers and Acquisitions

EU Extends Review of Dutch Dairy Group Merger

Source: Reuters
19/09/2008

Brussels, Sept 19 - The European Commission on Friday extended the deadline for its competition review of plans by Dutch dairy groups Friesland Foods and Campina to merge.

Daily News Alerts

The deadline was pushed back to Dec. 1 from Nov. 24, the European Union's top competition regulator said in a daily list of planned mergers under review.

The companies and the EU executive agreed mutually it would be useful to extend the deadline, a Commission spokesman said, declining to elaborate. In July, the Commission had opened an in-depth investigation into the merger plan, saying the deal could raise cheese and dairy product prices.

The transaction would create one of the world's largest dairy companies, with combined sales of 9.1 billion euros ($13.20 billion).

It would rank either third or fourth in the world by dairy sales after Switzerland's Nestle SA and France's Groupe Danone SA, Friesland has said.



GO   View more articles on this subject


More Alerts from 22/09/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
FrieslandCampina CEO Outlines His Vision of Dairy in...
Fonterra JV to Buy Lactose Business from Dutch Partner...
FrieslandCampina to Close 6 Plants and Cut 624 Jobs...
Netherlands: DeltaMilk Takeover of FrieslandCampina's...
Inza Finalises Takeover of the Yogho! Yogho! and Choco!...
Netherlands: DeltaMilk Plans to Buy Cheese Activities...
FrieslandCampina Announces Progress on Sale of Cheese...
FrieslandCampina: First Half of 2009 - Reasonable Performance...
Inza Intends to Acquire the Yogho! Yogho! and Choco!...
Dutch Milk Foundation Starts Implementation of EU Merger...

More in Food Industry News
France: Maisadour Invests in Asparagus Production
Origin Enterprises Net Income Falls in 'Difficult'...
Belarus Milk Factory Plans to Triple Exports to Venezuela...
Nigeria's UAC Sees Q2 Net Profit Halving
Nespresso, What Else? How About Casino's New Biodegradable...
Glanbia Eyes Better Growth Through Food Focus
Popeye's Operator Says Profit Grew in 4Q
Empire Company Reports Increase in Revenues for Q3...
Viterra to Acquire Dakota Growers Pasta Company
FEMSA Signs Agreement with The Coca-Cola Company

Top Headlines
France: Maisadour Invests in Asparagus Production
Origin Enterprises Net Income Falls in 'Difficult'...
Nigeria's UAC Sees Q2 Net Profit Halving
Nespresso, What Else? How About Casino's New Biodegradable...
Belarus Milk Factory Plans to Triple Exports to Venezuela...
Glanbia Eyes Better Growth Through Food Focus
Popeye's Operator Says Profit Grew in 4Q
Empire Company Reports Increase in Revenues for Q3...
Viterra to Acquire Dakota Growers Pasta Company
FEMSA Signs Agreement with The Coca-Cola Company
Delhaize Group Exceeds 2009 Guidance with Operating...
France's Tereos Aims to Double Capacity Within 5 yrs
Russia May Ban Night Time Spirits Sales in Shops
Walmart Returns Items to Shelves After Lost Sales
Illinois Blocks Anheuser Bid for Distributor
Morrison's Profit, Dividend Surge; Outlook Tough
Sainsbury Sees Pain in Store for UK Consumers
Snow and Plant Fire Impact Tasty Baking Deliveries...
Brown-Forman Sees Income Up 10% for Fiscal 2010
Cocoa Grinders Bet on Africa Despite Challenges
AB Vassilopoulos Net Profit Flat, to Expand Faster
Novel Epigallocatechin Gallate Trimer, and a-Glucosidase...
Naturally Sweetened Juice Beverage Products with Beta-Glucan
Method For Producing Low-Caffeine Tea Extract


 


FLEXNEWS 2010 - All rights reserved
ISSN 1950-6228