Brussels, 22 March 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Argal Alimentación, S.A. (‘Argal’) of Spain by Smithfield Foods Holding Limited (‘SFH’) of the UK and Manusian Family, S.L., Guembox Inversiones, S.L., Mr. Jordi Xavier Cagigós Negre and Mr. Antonio Cordero, all shareholders of Argal (‘existing shareholders’), all of Spain.
The transaction relates primarily to the production and sale of processed meat products.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction and the limited impact on the market structure. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11378.
Source – EU Commission