The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the Spanish company Azucarera Ebro S.L. by the UK company Associated British Food Plc (ABF), the owner of British Sugar. The proposed transaction will lead to a small overlap in the sale of sugar, where both Azucarera and ABF are active in essentially complementary geographic regions. However, the Commission’s investigation confirmed that the merger would not lead to any significant change in the market structure and that the merged entity would continue to face several competitors.