In the merger control sector, the Serbian Competition Commission
("SCC") conditionally cleared Lesaffre's acquisition
of sole control over Alltech's yeast extract facility in
Serbia. The concentration raised competitive concerns as it could
potentially lead to a dominant market position on the national
markets for the production and sale of bakery yeast and yeast
extracts. The clearance decision was made conditional upon several
reporting commitments and behavioral remedies. These commitments
and remedies are aimed at monitoring the production and utilization
rate of the target's capacity in the three years following the
clearance. Furthermore, if the target decides to terminate the
production contract with its sole remaining customer, it must
promptly report the reasoning behind such termination to the SCC.
This is the first conditional clearance issued by the SCC since the
beginning of last year, whereas the overall number of such
clearances issued since the SCC was
