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, 26.11.2021  
C(2021 ) 8741 final  
PUBLIC VERSION  
CCC Hanseatische 
Beteiligungsgesellschaft mbH  
Glockengiesserwall 3   
20095 Hamburg  
Germany  
Clyde Investments Pte. Ltd.  
60B Orchard Road #06 -18  
The Atrium@Orchard   
238891Singapore  
Singapore  
Subject : Case M. 10496  – CREMER / CLYDE INVESTMENTS / CREMER 
SUSTAINABLE FOODS JV  
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 3 November 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which CCC 
Hansea tische Beteiligungsgesellschaft mbH (“Cremer”, Germany)  and Clyde 
Investments Pte. Ltd. (“Clyde Investments”, Singapore ), controlled by Temasek 
Holdings (“Temasek”, Singapore) acquire  within the meaning of Article 3(1)(b) and 
3(4) of the Merger Regulation  joint control over Cremer Sustainable Foods Pte. Ltd.  
(“CSF JV”, Singapore). The concentration is accomplished by way of purchase of 
shares in a newly created company constituting a joint venture .3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Funct ioning 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 throughout 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 461, 15.11.2021 , p. 6. 

2 2. The business activities of the undertakings concerned are:  
 for Cremer: trading, processing, and transport of agricultural, raw and basic 
materials, as well as oleo -chemical products. Cremer’s activities include plant -
based food production capabilities in Germany, Canada and China,  
 for Clyde Investments: set up to  operate under the Asia Sustainable Food 
Platform , including to engage in contract manufacturing of plant -based products.  
 for CSF JV : will engage  in contract manufacturing and sale of plant -based meat 
and seafood alternative foods and food intermediates in  Singapore  and 
subsequently in the broader South East Asia region.  
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 Commiss ion 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 
Commission 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 Agre ement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .