Cedrob greenlit to take over PKM Duda

The Office of Competition and Consumer Protection has approved the takeover of  meat processing firm PKM Duda by market peer Cedrob, the watchdog said on Tuesday. Cedrob announced a tender for 23 percent in PKM Duda in August. If the offer is successful, Cedrob will raise its current stake in PKM Duda to 32.99 percent. The offer is subject approval from both Polish and Ukrainian anti-monopoly authorities. Subscriptions in the tender start on October 13 and end on November 4. The offer will be managed by Ipopema Securities.