Animal feed producers in fusion

The Economic Competition Authority has decided – The Dutch-based, feed producer the Kabai Táp Ltd. can buy the similar profiled Pannonmill Ltd.

The two companies signed the contract tahat Kabai Táp acquires 100 percent of Pannonmill Ltd. Pannonmill agreed that the company does not produce or sell animal feeds in a three-year period. According to the Economic Competition Authority’s investigation, Kabai Táp Ltd. and Pannonmill Ltd. both dealing with the production of feed, the fusion will be allowed, because the combined companies' market share does not exceed 20 percent – reports Világgazdaság Online.