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UPDATE 1-EU probes Cargill's plan to buy ADM chocolate unit

2015-02-24 05:34:56| Agriculture - Topix.net

The European Commission said on Monday it had opened an in-depth investigation into Cargill Inc's planned acquisition of Archer Daniels Midland Co's chocolate business, citing concerns the deal could lead to higher prices. The EU executive said it had until July 8 to investigate Cargill's planned $440 million acquisition, designed to expand the commodity trader's production capacity in North America.

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