A PYMNTS Company

UK: CMA launches Cargill/Faccenda probe

By  |  October 22, 2017

The Competition and Markets Authority (CMA) has opened an investigation into the proposed joint venture incorporating the poultry production of Cargill and Faccenda.

A Phase 1 inquiry has been opened by the regulator, which will consider the implications of a merger on competition within the market.

The first stage is an invitation for comment from any interested parties, with the deadline for comments being November 1. Following this the CMA will formally launch a merger inquiry.

A decision must be made by December 22 as to the outcome of this Phase 1 investigation.

In September Cargill and Faccenda announced that they would create a new joint venture that incorporated the poultry production of both businesses.

Full Content: Meat+Poultry

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