EU Clears Lutosa-McCain Tie-Up With Antitrust Fixes

Law360, New York (May 29, 2013, 2:42 PM EDT) -- European antitrust regulators have allowed processed potato company McCain Foods Ltd. to move forward with a proposed purchase of PinguinLutosa Food Group's €225 million ($291 million) Lutosa division, following McCain's commitment to shed assets, the European Commission said Wednesday.

Toronto, Canada-based McCain secured the go-ahead for its plan to acquire Belgian potato processor Lutosa after agreeing to sell off Lutosa's branded retail business in Europe. The concessions alleviate the EC's concerns that the deal would have threatened competition in the Belgian retail market for frozen french...
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