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EU: Cargill’s chocolate deal with ADM conditionally approved

 |  July 19, 2015

The European Commission on July 17 said it has approved Cargill’s proposed acquisition of the industrial chocolate business of Archer Daniels Midland. under the condition that Cargill sell ADM’s chocolate plant in Mannheim, Germany.

Since the US Department of Justice previously granted its approval, the European Commission’s action completes the regulatory approval process for the global deal, according to Cargill.

Cargill, upon the closing of the transaction, will take over ownership of three chocolate compound and liquor production sites in North America and three chocolate and compound production sites in Europe. Cargill also will add the Ambrosia, Merckens and Schokinag brands to its portfolio.

Full content: Marketwatch

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