CELEX: 32022M10610
Language: en
Date: 2022-03-21 00:00:00
Title: Commission Decision of 21/03/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10610 - ARCHER DANIELS MIDLAND SINGAPORE / CLYDE INVESTMENTS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 21.3.2022
                                                                 C(2022) 1847 final
                                                                                 PUBLIC VERSION
                                                                 Archer Daniels Midland Singapore,
                                                                 Pte. Ltd.
                                                                 230 Victoria Street, #11-08
                                                                 Bugis Junction
                                                                 Singapore 188024
                                                                 Clyde Investments Pte. Ltd.
                                                                 60B Orchard Road, #06-18
                                                                 The Atrium@Orchard
                                                                 Singapore 238891
Subject:        Case M.10610 – ARCHER DANIELS MIDLAND SINGAPORE / CLYDE
                INVESTMENTS
                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 21 February 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Archer Daniels
        Midland Singapore Pte. Ltd. (‘ADM Singapore’, Singapore), controlled by Archer
        Daniels Midland Company (‘ADM Group’, USA), and Clyde Investments (‘Clyde
        Investments’, Singapore), controlled by Temasek Holdings (Private) Limited
        (‘Temasek’, Singapore ), will acquire within the meaning of Article 3(1)(b) and 3(4)
        of the Merger Regulation joint control of the JV. The concentration is accomplished
        by way of subscription 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 102, 2.3.2022, p. 15.
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:
       ADM Singapore is active in the food and nutrition sectors in Asia. ADM
        Singapore is part of ADM Group which is active in a broad range of activities
        including the processing of oilseeds, corn, sugar, wheat and other agricultural
        commodities and in the manufacture of vegetable oils and other value added food
        and feed ingredients and additives at global level,
       Clyde Investments is active in the contract manufacturing of plant-based protein
        products in Asia. It is a subsidiary of Temasek, an investment company active in
        broad spectrum of industries at global level including life sciences & agri-food.
3. The JV, whose name will be agreed between ADM Singapore and Clyde Investments,
   is a greenfield full-function joint venture to be set up in Singapore to provide contract
   development and manufacturing organization services for microbial fermentation
   solution and microbial ingredients for food applications and related consultancy
   services in Singapore.
4. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraphs 5(a) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004.4
5. 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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