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European Commission Spokesman's Briefing for 97-08-13

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

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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