News, 19 October 2012
The FCA today decided to commence phase two proceedings in a deal whereby DLA International Holding A/S ("DLA") part of the Danish Agro group acquires control in Hankkija-Maatalous Oy. Following the merger, Suomen Osuuskauppojen Keskuskunta remains a minority shareholder in Hankkija-Maatalous Oy and owns 40 per cent of its shares.
DLA previously owns Yrittäjien Maatalous Oy and Melica Oy in Finland, which are both active in the market of agricultural trade. Hankkija-Maatalous operates under the Agrimarket chain in the agricultural trade and produces feed under the trademark Suomen Rehu. The three retail cooperatives part of the S block – Etelä-Pohjanmaan Osuuskauppa, Suur-Seudun Osuuskauppa and Kymenlaakson Agrimarket – are not part of the deal.
It will be investigated during phase two, whether the present deal may significantly impede effective competition in the Finnish markets or a substantial part thereof, in particular as a result of the creation or strengthening of a dominant position. During phase two, the FCA may approve the deal as such, attach conditions on its implementation or propose that the Market Court prohibit the deal. Phase two proceedings may last a maximum of three months under the Competition Act.
The decision yesterday issued by the FCA contains several business secrets by the parties and it can only be published after these have been removed. A public version of the decision will be published on the FCA's webpage as soon as it is completed.
Research Officer Kaisa Kokko