On Monday, the De Spoelberch family received permission from the Dutch competition authority ACM to take a majority interest in the Dutch producer of ethical chocolate Tony’s Chocolonely with its investment vehicle Verlinvest.
The De Spoelberch family is one of the historical families behind beer giant AB InBev. In mid-June, she had already announced that she would increase her stake in Tony’s Chocolonely from 43.1 percent to 55.9 percent of the shares as part of a capital round of 20 million euros. Verlinvest previously held just half (50.1 percent) of the voting rights at the chocolate producer, which is now 64.2 percent.
The transaction still had to be approved by the Dutch competition authority. That hurdle has now also been taken. ‘Verlinvest may acquire sole control over Tony’s Chocolonely’, is the announcement with which the Authority for Consumers & Markets gave the go-ahead on Monday. ‘There is no reason to assume that the proposed concentration will significantly impede effective competition on the Dutch market or a part thereof.’
The operation involves an amount of 20 million euros. Tony’s Chocolonely wants to use that money to accelerate its international growth.
2023-07-03 19:00:53
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