Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG  COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 9.10.2019  
C(2019 ) 7376 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9405 — CPF/Itochu/HyLife  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 16 September 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Charoen 
Pokphand Foods Public Company Limited (‘CPF’, Thailand)  and Itochu Corporation 
(‘Itochu’, Japan)  acquire within the meaning of Article s 3(1)(b) and  3(4) of the 
Merger Regulation joint control of the whole of HyLife Group Holdings Ltd (‘HyLife 
Group ’, Canada), curre ntly jointly controlled by HyLife Investments Ltd (Canada) and 
Itochu . The concentration is accomplished by way of purchase of shares.3 
2. The business activities of the undertakings concerned are:  
 for CPF: breeding and farming of livestock (swine , chicken, d uck) and 
aquaculture  (shrimp, fish) , manufacturing of feed for livestock and aquaculture, 
as well as production of processed and ready -to-eat meat and ready  meal 
products, as well as operating food retail outlets and restaurants,  
 for Itochu: active across a wide range of industries including textiles, machinery, 
metals and minerals, energy and chemicals, general products, information 
technology and communications, financial and insurance, as well as food,  
 for HyLife  Group : breeding, raising and slaughtering  of swine livestock  and 
production and distribution of pork products  (fresh, chilled and frozen pork meat) . 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect  from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used through out this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 318 , 23.9.2019, p. 20. 

2 3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the  Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commissio n has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Cecilio MADERO VILLAREJO  
Acting Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .