The Antimonopoly Committee of Ukraine has permitted ADM International Sarl, Bunge S.A., Cargill International S.A., Louis Dreyfus Company Suisse S.A. (all based in Switzerland) and Glencore Agriculture B.V. (the Netherlands) to create TechCo (Switzerland).
According to a Monday posting on the committee’s website, the creation of the company is aimed at uniting and transforming the process of the process of performing post-sales operations for the sale of agricultural products by gradually moving from manual document management to automatic through digitization.
“Given that the platform will be used only for the stage of performing after-sales operations at the international level by sea, outside Ukraine, the planned creation will not affect the level of competition in any Ukrainian market,” the committee said.
