CELEX: 32021M10496
Language: en
Date: 2021-11-26 00:00:00
Title: Commission Decision of 26/11/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10496 - CREMER / CLYDE INVESTMENTS / CREMER SUSTAINABLE FOODS JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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
                                       1
                (EC) No 139/2004 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
        Hanseatische 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 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 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.
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.
 ---pagebreak--- 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 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.
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