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, 22.01.2020  
C(2020 ) 430 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9574 — Associated British Foods/Wilmar International/AB Mauri 
Yihai Kerry China Investment Holding Company  
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 19 December 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  AB Mauri 
China Limited (‘ABM’, China), an indirect wholly -owned subsidiary of Associated 
British Foods (‘ABF’, United Kingdom) , and Yihai K erry Arawana Holdings Co. Ltd. 
(‘YKA’, China), an indirect subsidiary of Wilmar International Limited (‘WILMAR’, 
Singapore) , acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger 
Regulation joint control of a newly created joint venture  by w ay of purchase of 
shares .3 
2. The business activities of the undertakings concerned are:  
 ABF: activities  in five ma in business domains, namely (i)  production of baking 
ingredients; (ii) production of sugar; (iii) manufa cture of grocery products; 
(iv) supply o f agricultural products to farmers ; and (v) high street retailing. For its 
subsidiary, ABM : production of yeast and bakery ingredients . 
 for WILMAR: oil palm cultivation, oilseed crushing, edible oil refining, sugar 
milling and refining, manufacturing of consumer products, specialty fats, 
oleochemicals, biodiesel and fertilisers as  well as flour and rice milling. For its 
subsidiary, YKA : investment activities, mainly in the sectors of  oilseed crushing, 
edible oil refining, specialty fats, oleochemicals, pr ocessing of corn, wheat and 
                                                 
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 t hroughout 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 4, 8.1.2020 , p. 5. 

2 soybean, sustainable multi -stage processing of rice food and beverage, grain and 
oil technology R&D.  
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 
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 Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .