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The European Commission has been given more time to investigate German sugar company Südzucker’s bid to acquire a 25% stake in British commodities trading company ED&F Man and the deal's impact on competition.
The deadline has been extended from 9 November 2011 to 23 March 2012, marking a second extension since the Commission opened its investigation.
The initial investigation was launched amid fears the deal could impact competition in Central Europe and lead to price hikes.
Südzucker is Europe’s largest sugar producer, while ED&F MAN is the world’s second largest sugar trader. The deal includes veto rights, which would see Südzucker take sole control.
