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02 December 2010
At the beginning of November 2010 the Croatian Competition Agency approved the concentration that has arisen from companies M SAN ulaganja doo, ŽITO doo and VAGA doo acquiring control over TERMES doo and IPK Kandit dd, through the acquisition of a majority shareholding in TERMES.
Upon implementation of the concentration in question, the acquiring undertakings will enter the relevant wholesale market for confectionery products by acquiring the market share of IPK Kandit. Market shares of the other undertakings will remain unchanged.
With respect to the wholesale market for sugar, the acquiring undertakings will take over the market share of sugar producer IPK Premijer, an affiliate of IPK Kandit. Planned investments in IPK Kandit concern the development of the confectionery industry, by developing new products in order to increase the market competitiveness of the respective undertaking.
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Gabriele Wahl Cesarec