Bloomberg News

Cargill Wins European Union Approval to Buy Provimi From Permira

November 17, 2011

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.

--Editor: Peter Chapman

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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