European Commission OKs Wilmar JV with Fox Petrolifera for Italian biodiesel plant

In Belgium, the European Commission’s merger regulator has approved the creation of a joint venture between Wilmar International Limited of Singapore and Fox Petrolifera Italiana SpA of Italy to be based in the Netherlands in order to operate Fox’s existing biodiesel plant in Italy. The EC determined under its simplified merger procedure that the move would pose no threat to the common market as the JV’s market position would remain limited and under threat by major multinationals in the biodiesel space.

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