September 29, 2008 - Kerry Group to appeal decision of Competition Authority to block the Group's proposed acquisition of Breeo Foods.
Kerry has filed a Notice of Appeal in the High Court against the decision of the Competition Authority of Ireland to prohibit the Group’s proposed acquisition of Breeo Foods, a subsidiary of Irish based Reox Holdings plc.
On 13 March 2008, Kerry announced its agreement, subject to regulatory approval, to acquire Breeo Foods. On 29 August 2008, the Competition Authority announced its decision to prohibit the proposed acquisition.