The Competition Authority has approved the acquisition of exclusive control of 'Tönnies International Management GmbH' over 'Vion GmbH' and 'Vion Beef B.V.', as well as their subsidiaries, in accordance with specific legal provisions.

The acquisition pertains to the sale of fresh and frozen beef and pork to retailers, foodservice companies, and meat processing industries, across various distribution channels.

The merger does not significantly impact horizontal or vertical markets, as the companies' combined market shares do not meet the specified thresholds for such effects.

There are no vertical relationships between the parties, as their activities do not involve superior or inferior market positions relative to each other. Additionally, there are no conglomerate effects arising from the merger.

Based on the above considerations, the Competition Authority has unanimously approved the notified merger, as it does not raise serious doubts regarding its compatibility with competition requirements in the relevant markets.