Acquisition of control of Ingrear by Arcor, Ingredion can't be approved as is, Argentinian competition authority says

( April 19, 2022, 16:47 GMT | Official Statement) -- MLex Summary: The planned acquisition of control of Ingrear Holding by food companies Arcor Saic and Ingredion Argentina S.R.L can't be approved as is, the Argentinian competition authority said in a document. The National Commission for the Defense of Competition, or CNDC, said the transaction will eliminate an important competitor from the market and will increase significantly the concentration in the markets for corn-wet milling and sale of its derivatives. CNDC said it will summon the parties to a special hearing aimed at analyzing possible measures that mitigate the negative effects resulting from the deal on competition.Argentina competition authority press release and document follow below in Spanish:...

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Acquisition of control of Ingrear by Arcor, Ingredion can't be approved as is, Argentinian competition authority says

Prepare for tomorrow’s regulatory change, today

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