Eu Refers Review Of Eureden-greenyard Jv To France

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The European Commission has sent nan projected associated task betwixt stiff veg suppliers Greenyard and Eureden to France’s title watchdog, nan Autorité de la Concurrence.

In a statement, nan Commission said nan French regulator is “best placed” to analyse nan woody fixed nan transaction’s imaginable effect connected nan French market.

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In March, Belgium-headquartered Greenyard announced it was looking to bargain a mostly shareholding successful chap stiff vegetables group Gelagri Bretagne successful France.

Brittany-based Gelagri Bretagne, which is owned by nan Eureden agri-food cooperative, besides produces fresh meals, soups and purées.

Greenyard operates 2 factories successful France for its stiff foods section successful Moréac, successful nan Morbihan section of Brittany.

EU rule states nan Commission tin mention nan reappraisal of a transaction to a nationalist authority erstwhile a woody “may importantly impact title successful a marketplace wrong a personnel authorities which presents each nan characteristics of a chopped market”.

The French authority said it will commencement nan investigation erstwhile it receives a “complete notification file”.

According to nan Autorité de la Concurrence, if a transaction does not airs immoderate awesome title issues, nan watchdog tin clear nan transaction unconditionally – aliases taxable to conditions – astatine nan extremity of a “rapid review”, which takes a maximum of 25 moving days.

If doubts stay arsenic to nan imaginable risks to title aft nan first review, the Autorité de la Concurrence opens an in-depth examination, which takes a further 65 moving days.

Greenyard and Eureden person signed a missive of intent and said successful March nan business could beryllium finalised earlier nan extremity of nan year, taxable to regulatory approval.

Meanwhile, Greenyard’s stiff foods section operates 2 factories successful France, successful Moréac (Morbihan) and Comines (Nord), a spokesperson told Just Food successful March.

A Greenyard spokesperson told Just Food successful March that 500 Gelagri Bretagne labor are included successful nan projected deal.