EU Approves Suedzucker, ED&F Man Deal With Sell-Off

Law360, New York (May 16, 2012, 8:39 PM EDT) -- German sugar juggernaut Suedzucker AG on Wednesday secured approval from the European Union's antitrust watchdog to buy a controlling stake in British global commodities trading company ED&F Man for $255 million after it agreed to sell an Italian refinery to alleviate competition concerns.

Following an in-depth review, the European Commission cleared the proposed merger between Suedzucker, Europe's largest sugar producer, and ED&F Man, the second largest sugar trader worldwide, contingent upon the companies’ agreement to sell the Brindisi sugar refinery, “the biggest and most modern production...
To view the full article, register now.