A PYMNTS Company

Spain/India: Regulators OK rice mill sale

By  |  April 10, 2013

The Competition Commission of India has announced its approval of Spanish conglomerate Herba Foods to acquire a rice mill currently under the control of Olam Agro India. Taraory Rice Mills will be sold entirely to Herba Foods, a subsidiary of Ebro Foods. Up until the deal, Olam Agro India and its subsidiary owned a 50 percent stake each in the mill. According to reports, Herba Foods first sought approval for the deal from the CCI in mid-March. The regulator found no cause for competition concerns.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: Economic Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.