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Wednesday, 23 September 2015

Commission clears Zambian agricultural joint venture

The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Barloworld Handling Limited of the United Kingdom and BayWa Aktiengesellschaft of Germany.  Barloworld Handling belongs to the South African Barloword group which produces earthmoving, power systems, materials handling and agricultural equipment, automotive and logistics services. BayWa is a German group active in agriculture, building materials and energy. The joint venture will distribute agricultural machinery and parts and provide related services in Zambia at first, and may become active in other Sub-Saharan areas.

Source: europa.eu