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Stock impact report

Regulator approves Vandemoortele-Délifrance deal on plant sale pledge [Yahoo! Finance]

Bunge Limited Bunge Limited (BG) 
Last bunge limited bunge limited earnings: 2/12 06:00 am Check Earnings Report
US:NYSE Investor Relations: bunge.com/investors
Company Research Source: Yahoo! Finance
To address the Commission's initial competition concerns, the parties have agreed to sell a pair of Délifrance's frozen laminated dough facilities - one in Avignon in the south of France and another in Béthune in the north. It emerged earlier this month that Belgian-based Vandemoortele had offered undisclosed concessions to the Commission to get the deal over the line. The takeover of Délifrance was first announced in March. "These structural commitments fully address the competition concerns," the Commission said in a statement yesterday (18 December). "Following positive feedback received after the market test, the Commission has concluded that the transaction, as modified by the commitments, would no longer raise competition concerns." The EC had previously expressed concerns that the merged entity would “significantly reduce” competition for products such as croissants and pains au chocolat, especially in France and Italy. The takeover is expected to make Vandemoortele Show less Read more
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