In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sector concerned<\/strong><\/p>\n Research, development, production, and sale of sugar beet seeds<\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration project by which the French group \u201cFlorimond Desprez\u201d, through its subsidiary \u201cFD Admiral\u201d, a French company registered with the Lille M\u00e9tropole Trade and Companies Register under number B 481 419 363 and headquartered at Lieudit Wattines, 59242 Cappelle en Pevelle, France, intends to take exclusive control of a newly created company, in association with \u201cDLF Seeds A\/S\u201d, a Danish company headquartered at Ny Oestergade 9, 4000 Roskilde, Denmark, named \u201cUnited Beet Seeds\u201d (a Belgian limited liability company headquartered at Industriepark 15, 3300 Tienen (Belgium) and registered under number 1005.997.787), which combines the activities of \u201cFlorimond Desprez\u201d and the Danish group \u201cDLF\u201d in sugar beet, forage beet, and industrial chicory seeds, worldwide and notably in Morocco.<\/p>\n The company \u201cUnited Beet Seeds\u201d will consolidate certain assets of the companies \u201cFlorimond Desprez\u201d and \u201cDLF Seeds A\/S\u201d. Indeed, \u201cFlorimond Desprez\u201d has committed to transfer 100% of the shares of the company \u201cSES VanderHave BV\u201d registered in the Netherlands and 100% of the shares of \u201cMaison Fernand Lepeuple\u201d registered in France to \u201cUnited Beet Seeds\u201d. \u201cDLF Seeds A\/S\u201d has committed to transfer \u201cDLF Beet Seed ApS\u201d registered in Denmark, \u201cDLF Recherche\u201d registered in France, \u201cDLF Beet Seed Italia SRL\u201d registered in Italy, \u201cDLF Tohumculuk Ticaret Limited Sirketi\u201d registered in Turkey, \u201cDLF Hillesh\u00f6g Sp z.o.o.\u201d registered in Poland, \u201cMariboHilleshog LLC\u201d registered in Russia, \u201cDLF Beet Seed GmbH\u201d registered in Germany, and 50% of the shares of \u201cMagno Seed LLC\u201d registered in the United States.<\/p>\n Done in Rabat on March 14, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented. Names of the companies and groups concerned: The acquirer: The company \u201cFlorimond Desprez\u201d through its subsidiary \u201cFD Admiral SAS\u201d; The target: The company \u201cUnited Beet Seeds, SRL\u201d Nature of the operation Acquisition of exclusive control Economic sector concerned Research, development, production, and sale of sugar beet seeds Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e., March 25, 2024 NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration project by which the French group \u201cFlorimond Desprez\u201d, through its subsidiary \u201cFD Admiral\u201d, a French company registered with the Lille M\u00e9tropole Trade and Companies Register under number B 481 419 363 and headquartered at Lieudit Wattines, 59242 Cappelle en Pevelle, France, intends to take exclusive control of a newly created company, in association with \u201cDLF Seeds A\/S\u201d, a Danish company headquartered at Ny Oestergade 9, 4000 Roskilde, Denmark, named \u201cUnited Beet Seeds\u201d (a Belgian limited liability company headquartered at Industriepark 15, 3300 Tienen (Belgium) and registered under number 1005.997.787), which combines the activities of \u201cFlorimond Desprez\u201d and the Danish group \u201cDLF\u201d in sugar beet, forage beet, and industrial chicory seeds, worldwide and notably in Morocco. The company \u201cUnited Beet Seeds\u201d will consolidate certain assets of the companies \u201cFlorimond Desprez\u201d and \u201cDLF Seeds A\/S\u201d. Indeed, \u201cFlorimond Desprez\u201d has committed to transfer 100% of the shares of the company \u201cSES VanderHave BV\u201d registered in the Netherlands and 100% of the shares of \u201cMaison Fernand Lepeuple\u201d registered in France to \u201cUnited Beet Seeds\u201d. \u201cDLF Seeds A\/S\u201d has committed to transfer \u201cDLF Beet Seed ApS\u201d registered in Denmark, \u201cDLF Recherche\u201d registered in France, \u201cDLF Beet Seed Italia SRL\u201d registered in Italy, \u201cDLF Tohumculuk Ticaret Limited Sirketi\u201d registered in Turkey, \u201cDLF Hillesh\u00f6g Sp z.o.o.\u201d registered in Poland, \u201cMariboHilleshog LLC\u201d registered in Russia, \u201cDLF Beet Seed GmbH\u201d registered in Germany, and 50% of the shares of \u201cMagno Seed LLC\u201d registered in the United States. Done in Rabat on March 14, 2024<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-41426","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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