EU OKs Cargill-Nutreco €40M Animal Feed Unit Sale

Law360, New York (November 25, 2009, 12:47 PM EST) -- The European Commission has cleared Nutreco Holding NV's €40 million ($60 million) acquisition of Cargill Inc.'s animal nutrition operations in Spain and Portugal, finding no competition concerns over the sale of the unit that generates sales worth €240 million ($362 million) a year.

The regulator signed off on Minneapolis-based Cargill's deal to sell its 12 compound feed production facilities in the two countries to the Dutch animal feed company on Tuesday.

The EC decided that the deal would not create any significant competitive hurdles within the...
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