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European Commission Spokesman's Briefing for 97-08-13
From: EUROPA, the European Commission Server at <http://europa.eu.int>
MIDDAY EXPRESS
News from the Spokesman's midday briefing
Nouvelles du rendez-vous de midi du Porte-Paroleb
13/08/97
CONTENTS / CONTENU
[01] Commission authorizes the acquisition of joint control by ADM and
Acatos & Hutcheson Plc over the German soybean crushing company Soja Mainz
[02] Commission decides that the creation of a joint venture for waterway
transports in Belgium by Stinnes and Haniel is not a concentration under
the EC Merger Regulation
[03] La Commission approuve un programme de développement transfrontalier
entre l'Italie et la Slovénie
[01] Commission authorizes the acquisition of joint control by ADM and
Acatos & Hutcheson Plc over the German soybean crushing company Soja Mainz
The European Commission has approved the acquisition of joint control by
Archer Daniels Midland (ADM) and Acatos & Hutcheson over Soja Mainz GmbH &
Co KG, a joint venture company which is operating a soybean crushing plant
in Germany. It produces oil meals, edible oils and Lecithins. ADM ranks
among the world's largest agricultural processors and commodity traders,
based in the USA. Acatos & Hutcheson is a public company listed in London,
processing and marketing edible oils. Despite a relatively high stake of
ADM in Acatos & Hutcheson, ADM does not exercise joint or sole control over
it. The joint venture will produce oil meal, edible oil and Lecithin.
Although the parties are highly vertically integrated and these markets are
highly concentrated, the joint venture does not lead to a dominant
position. The fact that worldwide Lecithin supply exceeds demand, the
development of alternative import sources and the parties' guarantee to
continue the existing supply arrangements to independent wholesaler Lukas
Meyer, led the Commission to conclude that the operation as such would not
lead to the creation of a dominant position.
[02] Commission decides that the creation of a joint venture for waterway
transports in Belgium by Stinnes and Haniel is not a concentration under
the EC Merger Regulation
The European Commission has decided that the creation by the German
companies Stinnes and Haniel of a joint venture for inland waterway
transports in Belgium does not constitute a concentration within the
meaning of the EC Merger Regulation. The Commission concluded that both
parent companies will retain significant activities in the same markets as
their joint venture. Since this finding seems likely to give rise to
coordination of the competitive behaviour of the parent companies amongst
themselves or between them and the joint venture the Commission decided
that the proposed operation does not constitute a concentration under the
Merger Regulation. The agreement now falls to be examined under other
applicable competition rules.
[03] La Commission approuve un programme de développement transfrontalier
entre l'Italie et la Slovénie
La Commission européenne soutient le développement de la coopération
transfrontalière et des réseaux énergétiques entre l'Italie et la Slovénie
à hauteur d'environ 16 millions d'Ecus. Cette aide s'inscrit dans le cadre
du Programme d'initiative communautaire "INTERREG Italie-Slovénie" qui vise
à sauvegarder les ressources naturelles communes aux deux pays, mais
également à favoriser l'échange de connaissances, l'utilisation rationnelle
des ressources hydriques et énergétiques et le développement des petites et
moyennes entreprises. Son coût total, financements nationaux et privés
inclus, s'élève à environ 31 millions d'Ecus.
MIDDAY EXPRESS
From EUROPA, the European Commission Server at http://europa.eu.int/
© ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996
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