Proposed Acquisition by F&N Foods Pte Ltd ("F&N Foods") of King's Creameries (S) Pte Ltd

Notifying Parties:

F&N Foods Pte Ltd ("F&N Foods") and King's Creameries (S) Pte Ltd ("King's")

Notifying Date:

22 October 2010

Summary of transaction:

PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S))

1. The Applicants

Fresenius This notification is made jointly by the acquirer, F&N Foods Pte Ltd ("F&N Foods"), a wholly owned subsidiary of Fraser and Neave Limited ("F&N"), and the acquired person, King's Creameries (S) Pte Ltd ("King's") (collectively, the "Parties") for the proposed acquisition by F&N Foods of all the issued share capital in King's (the "Acquisition").

2. Description of the merger

This notification is in relation to the acquisition of control by F&N Foods over King's. The Parties submit that given the intense nature of competition in the market, strong countervailing buyer power of customers, low barriers to entry, and other competitive characteristics of the relevant market, the notified Acquisition will not result in a substantial lessening of competition.

3. Relevant good(s) or service(s) involved

The market for the sale and distribution of ice cream.

Decision:

The proposed merger, if carried into effect, will not infringe the section 54 prohibition.

Decision Date:

17 Dec 2010
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