ForFarmers N.V.: Planned joint venture between ForFarmers UK and 2Agriculture referred to Phase 2 investigationSource: OMX
Lochem, 21 December 2022
Planned joint venture between ForFarmers UK and 2Agriculture referred to Phase 2 investigation
The UK competition and markets authority (CMA) has announced on 21 December that it has concluded the initial stage of its merger review process. The CMA will refer the planned joint venture between ForFarmers UK and 2Agriculture to an in-depth merger investigation unless remedies can be agreed. The planned joint venture between ForFarmers UK and 2Agriculture was announced by ForFarmers on 1 July 2022.
ForFarmers UK and 2Agriculture are considering their next steps.
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ForFarmers N.V. is an international organisation that provides complete innovative feed solutions to the livestock farming industry. With its For the Future of Farming mission ForFarmers underpins its commitment both to the continuity of farming and to further increasing the sustainability of the agricultural sector. ForFarmers is the largest feed producer in Europe with annual sales of around 10 million tonnes of animal feed and is active in the Netherlands, Belgium, Germany, Poland and the United Kingdom. ForFarmers has around 2,500 employees and in 2021 generated revenue of approximately €2.7 billion. ForFarmers N.V. is listed on Euronext Amsterdam.
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