German Federal Cartel Office blocks transfer of German sites – Vion to assess the next steps

Vion takes note of the prohibition decision by the German Federal Cartel Office regarding the proposed share deal with Premium Food Group (formally Tönnies Group) and respects the outcome of the regulatory process.

The decision has no immediate impact on Vion’s day-to-day operations. The company’s transformation programme has led to good year-to-date results and the company was successfully refinanced earlier this year. Also the German entities have continued to be profitable and the sites have continued to perform within expectations, servicing their suppliers and customers with unchanged commitment.

“I’m very proud of how the team in Germany has successfully operated in the past year during the preparation for the divestment. While the outcome is different than intended, I have full confidence in our ability to serve our markets, while analysing the assessment of the Federal Cartel Office and determining the best next steps”, says Tjarda Klimp, CEO of Vion Food Group.