Nov. 17 (Bloomberg) -- Cargill Inc., the largest closely held company in the U.S., won European Union approval to buy Provimi SA from private-equity owner Permira Advisers LLP in a 1.5 billion-euro ($2 billion) transaction to expand in animal- feed additives.
The European Commission said Cargill’s acquisition of Provimi’s holding company KoroFrance “would not raise competition concerns” because the company would continue to face rivalry from others, according to an e-mailed statement today.
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