Agri-Business
ABP has announced that it has reached an agreement in principle with Fane Valley Co-op to acquire the remaining 50% holding in its red meat business.
The proposed merger which would see ABP Food Group take a 50% stake in Slaney Foods has been notified the European Commission competition authorities.
Fane Valley Co-Op and ABP Food Group have been informed that the proposed 50:50 joint venture in relation to Slaney Foods, comes under the remit of the EU for investigation.
Beef
Livestock farmers have real fears and concerns around the lack of competition and dominance in beef processing as well as rendering.
Sinn Fein MEP Matt Carthy is to write to the European Competition Commissioner asking that they investigate the ABP Slaney deal.
The Linden Food Group is set to restructure its Slaney Foods business in the Republic of Ireland, creating a new partnership with ABP.
