US Bunge receives EU clearance for Europe biodiesel deals

09 January 2013 17:57  [Source: ICIS news]

LONDON (ICIS)--The European Commission has cleared Bunge’s bids to acquire full control of biodiesel joint ventures in Germany and Austria, it said on Wednesday.

Under the deals, US-based agribusiness group Bunge is buying the shares of partner Diester Industrie, with whom it jointly controlled biodiesel and crude glycerine producers Mannheim Bio Fuel in Mannheim, Germany, and Novaol Austria in Bruck, Austria.

The Commission cleared the transactions under its simplified merger procedure, given their limited effect on competition, it said.

By: Stefan Baumgarten
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