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Cristal Union Gets French Antitrust Approval to Buy Vermandoise

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.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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