The Competition Board decided on some takeover and joint venture establishment applications.

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Lerato Khumalo

According to the announcement on the Competition Authority’s website, the Board decided that Warner Bros. Conditionally authorized the acquisition of sole control of Discovery Inc. by Paramount Skydance Corporation.

The establishment of a fully functional joint venture by UPM-Kymmene Corporation and Sappi Limited was approved.

Merger of Indovida India Private Limited with EPL Limited and merger of Indorama Netherlands BV and Epsilon Bidco Pte on EPL Limited. The establishment of joint control by Limited was approved.

The acquisition of 90.1 percent of the shares of International Flavors & Fragrances Inc in its food ingredients business has been authorized through funds and vehicles ultimately managed by CVC Capital Partners Plc.

The acquisition of joint control of Project Potter Holdings, LLC by Francisco Partners Management, LP and Heidelberg Materials AG was approved.

C2X Limited and CP Industrial Capital Management Co. Limited of C2X Asia Pte. The establishment of a limited joint venture was approved.

Hebei Mauri Food Co. is currently controlled by Associated British Foods Asia Pacific Holding Limited, which is a subsidiary of Associated British Food Plc. Limited, AB Mauri China Limited, a subsidiary of Associated British Food Plc, and Yihai Kerry Arawana Holdings Co., a subsidiary of Wilmar International Limited. The acquisition by AB Mauri Yihai Kerry Investment Company Limited, which is a fully functional joint venture established between Limited, was authorized.