Jan. 23 (Bloomberg) -- Cristal Union, a French sugar maker, said it received antitrust approval to buy competitor Groupe Vermandoise and create the country’s second-largest producer of the sweetener.
France’s Competition Authority approved the takeover unconditionally on Jan. 20, Cristal Union, based in Villette-sur-Aube, said today in an e-mailed statement. The authorization will allow the transfer of control of Vermandoise to Cristal Union “in the coming days,” the company said.
Tereos is the country’s biggest sugar producer.
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