Barry Callebaut agreed to buy the cocoa processing operations of the Singapore-based firm last December.
After European approval, further regulatory hurdles must be overcome before the deal is finalized.
The Commission said in a statement that “customers would still have sufficient alternative suppliers in all markets concerned and that the merged entity would continue to face competition from a number of other strong competitors.”
Barry Callebaut will overtake Cargill as the world’s largest cocoa grinder once the acquisition is complete.
After Cargill, the third largest grinder will be ADM followed by Guan Chong and Ecom Cocoa.
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