One of the largest European sugar producers is buying its sixth plant in Ukraine.

On October 19, the Antimonopoly Committee agreed to allow the Radekhiv Sugar Company, the owner of which is the German company Pfeifer & Langen, to buy the assets of the Hnidavsky Sugar Factory in Lutsk.

Earlier, the AMCU announced that it found grounds for banning the deal, as it could create threats to competition, but the buyer undertook several obligations to prevent these from happening.

These five-year obligations include:

1. to accept beets for processing, absent compelling reason
2. to pay for transportation of beets, up to 132 km.
3. to offer long-term contracts, up to three years, but allow suppliers the right to shorter contracts, etc.

Pfeifer & Langen owns five sugar factories in Germany and shares in enterprises in Poland, Romania, Italy, Hungary, Slovenia, and the Czech Republic. In Ukraine, the company has production facilities in the Lviv and Ternopil regions. The Hnidavsky Sugar Factory can process up to 6,000 tons of sugar beets daily.