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 first set up in 2006 is less than 20.
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