ForFarmers N.V.: Planned joint venture between ForFarmers UK and 2Agriculture referred to Phase 2 investigation
21 December 2022 - 6:45PM
ForFarmers N.V.: Planned joint venture between ForFarmers UK and
2Agriculture referred to Phase 2 investigation
Press release
Lochem, 21 December
2022
Planned joint venture between ForFarmers UK and
2Agriculture referred to Phase 2 investigation The UK
competition and markets authority (CMA) has announced on 21
December that it has concluded the initial stage of its merger
review process. The CMA will refer the planned joint venture
between ForFarmers UK and 2Agriculture to an in-depth merger
investigation unless remedies can be agreed. The planned joint
venture between ForFarmers UK and 2Agriculture was announced by
ForFarmers on 1 July 2022. ForFarmers UK and 2Agriculture are
considering their next steps.
This press release contains information that qualifies as inside
information within the meaning of Article 7 paragraph 1 of the EU
Market Abuse Regulation. Note to the editor / For further
information:Caroline Vogelzang, Director of Investor
RelationsM +31 (0)6 10 94 91 61 • E:
caroline.vogelzang@forfarmers.eu
About ForFarmersForFarmers N.V. is an
international organisation that provides complete innovative feed
solutions to the livestock farming industry. With its For
the Future of Farming mission ForFarmers underpins its
commitment both to the continuity of farming and to further
increasing the sustainability of the agricultural sector.
ForFarmers is the largest feed producer in Europe with annual sales
of around 10 million tonnes of animal feed and is active in the
Netherlands, Belgium, Germany, Poland and the United Kingdom.
ForFarmers has around 2,500 employees and in 2021 generated revenue
of approximately €2.7 billion. ForFarmers N.V. is listed on
Euronext Amsterdam.
ForFarmers N.V. P.O. Box 91 7240 AB Lochem The Netherlands T:
+31 (0)573 28 88 00 info@forfarmers.eu, www.forfarmersgroup.eu
FORWARD-LOOKING STATEMENTSThis press release
contains forward-looking statements, for example relating to
ForFarmers’ legal obligations in terms of capital and liquidity
positions in certain specified scenarios. In addition
forward-looking statements may, without limitation, contain phrases
such as “intends to”, "expects”, “takes into account”, "is aimed
at”, ''plans to”, "estimates" and/or words of a similar meaning.
These statements pertain to or may affect matters in the future,
such as ForFarmers’ future financial results, business plans and
current strategies. Forward-looking statements are subject to a
number of risks and uncertainties which may lead to material
differences between the actual results and performance and the
expected future results or performance as implicitly or explicitly
contained in the forward-looking statements. Factors that may
result in, or contribute to, deviations from current expectations
include, but are not limited to developments in legislation,
technology, taxation, jurisprudence and regulations, share price
fluctuations, legal proceedings, investigations by regulatory
bodies, the competitive landscape and general economic conditions.
These and other factors, risks and uncertainties that may affect
any forward-looking statements or the actual results of ForFarmers
are discussed in the most recently published annual report. The
forward-looking statements in this press release relate solely to
statements as of the date of this document and ForFarmers accepts
no obligation or responsibility whatsoever to update the
forward-looking statements contained in this release, regardless of
whether these pertain to new information, future events or
otherwise, unless ForFarmers is legally obliged to do so.
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