ForFarmers N.V.: Remedies offered by ForFarmers UK and 2Agriculture in relation to planned joint venture not accepted by CMA
Source: GlobeNewswireLochem, 9 January 2023
Remedies offered by ForFarmers UK and 2Agriculture in relation to planned joint venture not accepted by CMA
ForFarmers and 2Agriculture announce that they have offered remedies (also referred to as ‘undertakings in lieu’ of reference (UILs)) to the UK competition and markets authority (CMA). The parties offered remedies in response to the CMA’s announcement on 21 December last that the proposed joint venture would be referred for an in-depth Phase 2 investigation unless the parties offered acceptable remedies to address the CMA’s competition concerns.
The CMA has today announced on the case page that it does not consider the proposed remedies would effectively address its competition concerns with the proposed joint venture.
ForFarmers and 2Agriculture are considering their next steps.
This press release contains information that qualifies as inside information within the meaning of Article 7 paragraph 1 of the EU Market Abuse Regulation.
Note to the editor / For further information:
Caroline Vogelzang, Director of Investor Relations
M +31 (0)6 10 94 91 61 • E: caroline.vogelzang@forfarmers.eu
About ForFarmers
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.
ForFarmers N.V.
P.O. Box 91
7240 AB Lochem
The Netherlands
T: +31 (0)573 28 88 00
info@forfarmers.eu, www.forfarmersgroup.eu
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