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Cargill buys up the equity of European edible oil United Oil Food Factory

 Last Update: 2002-12-25
 Source: Internet
 Author: User

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Lead: Brussels, Reuters December 20 (Reuters) - Cargill, the US business giant, bought out the shares of its partner, the private group vandermoortele, to become the full owner of the AOP, the European Commission said Friday The Belgian based vandermoortele group, which has 2400 employees in 15 European countries, said on its website that it would withdraw its retail business from the joint venture The European Commission believes that the transformation of AOP's internal shareholder structure into a single shareholder will not affect the current market competition mechanism, especially that Cargill supplies all AOP refined oil seed oil 7qk AOP produces vegetable oils and supplies them to private retailers in Belgium, France, Germany and Spain Cargill is the largest private company in the United States and the largest grain export company in the world 7Qk
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