Commission publishes details of the binding divestiture commitments by Valeo Foods UK Limited
February 23, 2015
On 17 February the Competition and Consumer Protection Commission (the Commission) cleared the proposed acquisition by Valeo Foods UK Limited (Valeo) of sole control of Wardell Roberts Limited and Robert Roberts (NI) Limited. Full details are available here
The approval was subject to binding divestiture commitments by Valeo. Today the Commission has published the determination which outlines the commitment by Valeo to divest the entire YR brand.
Isolde Goggin, Chairperson of the Competition and Consumer Protection Commission, said ‘Mergers over a certain financial threshold must be notified to the Commission and are reviewed in order to determine their potential impact on competition. Some mergers could substantially lessen competition in the Irish market and as a result consumers and businesses could suffer detriment. In such cases, the Commission will intervene to prevent that happening’.
Speaking about the Valeo/Robert Roberts acquisition, Ms Goggin said ‘During the investigation of this merger, the Commission identified certain competition concerns and worked with Valeo in order to address those concerns. The Commission has now cleared the acquisition subject to Valeo’s commitment to divest the YR brand’.
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