Romania's anti-trust body to probe takeover of Cargill assets by Waterland Group

The Competition Council will assess the terms of the transaction in accordance with current legislation to determine whether it can be authorized or not, it said in a press release on Monday.

The targeted assets include a plant in Hungary that produces food for pets, as well as equipment, inventories and trade agreements.

Cargill has been active in Hungary since 1995, as a retailer of cereal and starch products as well as a producer and distributor of animal food.

The Waterland Group is a private investment group controlling companies in various sectors such as production and marketing of pet food. The group is present in Romania through its United Petfood Romania branch, which runs a plant producing pet food.

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