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AGRAVIS RAIFFEISEN / DANISH AGRO / NORDIC SEED GERMANY

M.10921

AGRAVIS RAIFFEISEN / DANISH AGRO / NORDIC SEED GERMANY
May 15, 2024
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Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

This notification concerns the following undertakings:

 Nordic Seed A/S (NOS, Denmark, controlled by Danish Agro a.m.b.a.)

 AGRA VIS Pflanzenschutzholding GmbH (APH, Germany, controlled by AGRA VIS Raiffeisen AG)

 Nordic Seed Germany GmbH (NSG, Germany, currently controlled by NOS).

NOS and APH have agreed on establishing joint ownership with associated joint control within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation, of NSG.

For this purpose, a capital increase shall be completed in which APH subscribes for 50 % of the shares in NSG. The other 50 % of the share capital shall remain with NOS, the current owner of 100 % of the shares.

AGRA VIS and Danish Agro are both active in agricultural trading. While Danish Agro is active in Denmark, remaining Scandinavia and other Baltic Sea Countries and the north of Germany, AGRA VIS has its main foothold in Germany. NOS is a seed breeding company offering a wide range of varieties within barley, wheat, hybrid rye and pulses. NSG currently engages in a breeding program of hybrid rye varieties throughout Europe in countries where rye is commonly grown (Denmark, Sweden, the Baltics, Finland, Poland and Germany) and offers license production for the bred varieties. The parties to the transaction pursue the goal to increase NSG's competitiveness by combining its breeding know-how with AGRA VIS's distribution performance.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111

EUC

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