Competition Authority to launch investigation of Kerry Group’s proposed acquisition of Breeo Foods and Breeo Brands
May 29th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Competition Authority announced today that it has decided to carry out a full (phase 2) investigation in relation to the proposed acquisition by Kerry Group plc, of the entire ordinary issued share capital of Breeo Foods Limited and Breeo Brands Limited from Reox Finance Limited, a wholly-owned subsidiary of Reox Holdings plc. Both parties are involved in the sale and distribution of consumer foods including rashers, sausages, puddings, cooked meats, cheese, spreads, chilled juice, fresh dairy products and pre-packed sandwiches. The proposed acquisition has not been required to be notified in any other jurisdiction.